American Bitcoin, a firm linked to the Trump family, revealed on Wednesday that it has introduced nearly 11,300 new bitcoin mining rigs at its Drumheller site, resulting in a 12% increase in its share price to $1.38. The newly deployed miners at the Canadian facility have boosted the company's ASIC fleet to approximately 89,242, with the added rigs contributing an extra 3.05 exahash per second at an efficiency of 13.5 joules per terahash. This high efficiency is crucial in reducing electricity costs and maintaining profitability amid rising network difficulty. The company emphasized that scaling hashrate is key to strengthening its position in the Bitcoin market.
In a statement, Eric Trump, co-founder and chief strategy officer, expressed the company's commitment to leading through swift action, disciplined capital allocation, and efficient growth. The introduction of these new miners marks the completion of a fleet expansion announced on March 3, 2026, demonstrating the company's dedication to bitcoin mining operations. Notably, American Bitcoin has increased its BTC holdings, becoming the 16th-largest bitcoin holder with 6,899 BTC, surpassing Mike Novogratz's Galaxy Digital, and further raising its treasury to 7,000 BTC by March 30.