American Bitcoin, a firm linked to the Trump family, has announced the deployment of nearly 11,300 new bitcoin mining rigs at its Drumheller facility. This move has resulted in a 12% increase in the company's share price, reaching $1.38. The newly added miners are now fully operational, bringing the total number of ASICs to approximately 89,242. The new rigs contribute an additional 3.05 exahash per second to the company's existing operational capacity, with an efficiency rating of 13.5 joules per terahash.
This high efficiency is crucial in reducing electricity costs per coin, allowing the company to maintain profitability despite rising network difficulty. According to the company, scaling hashrate is key to strengthening its position in the Bitcoin market.
Eric Trump, co-founder and chief strategy officer, stated that the swift deployment of these miners reflects the company's commitment to leading the industry through disciplined capital allocation and efficient growth. The new deployment marks the completion of a fleet expansion announced on March 3, 2026, demonstrating the company's dedication to 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.