American Bitcoin, a firm linked to the Trump family, has announced the deployment of nearly 11,300 new bitcoin mining rigs at its Drumheller site, resulting in a 12% increase in share price to $1.38. The newly added miners are now fully operational, bringing the total number of ASICs to approximately 89,242 and increasing the company's hashrate by 3.05 exahash per second. This expansion is expected to enhance the company's efficiency, with a joules per terahash rating of 13.5, allowing it to maintain profitability despite rising network difficulty. According to Eric Trump, co-founder and chief strategy officer, the move demonstrates the company's commitment to scaling its hashrate and strengthening its position in the bitcoin market.
The expansion is part of a larger plan, first announced on March 3, 2026, and marks a significant investment in 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.