American Bitcoin, a company tied to the Trump family, has announced the deployment of nearly 11,300 new bitcoin mining rigs at its site in Drumheller, resulting in a 12% increase in share price to $1.38. The company has fully integrated these miners into its facility in Alberta, Canada, expanding its ASIC fleet to approximately 89,242.
This addition contributes an extra 3.05 exahash per second to the company's operational capacity, with an efficiency rating of 13.5 joules per terahash. This high efficiency is crucial as it reduces electricity costs per coin, enabling the company to maintain profitability despite rising network difficulty. According to the company, scaling hashrate is a key strategy for strengthening its position in Bitcoin. The swift deployment of these miners reflects the company's commitment to disciplined capital allocation, efficient growth, and institutional-scale Bitcoin exposure.
This move marks the completion of a fleet expansion announced on March 3, 2026, indicating the company's decision to focus on bitcoin mining operations. Recently, American Bitcoin increased its BTC holdings to 6,899, becoming the 16th-largest bitcoin holder, and later raised its treasury to 7,000 BTC.