American Bitcoin, a mining and treasury firm linked to the Trump family, has announced the deployment of nearly 11,300 new bitcoin mining rigs at its Drumheller site. This development led to a 12% increase in the company's share price, reaching $1.38.
The newly added miners are now fully operational at the Alberta, Canada facility, 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 operational fleet, with an efficiency rating of 13.5 joules per terahash. This high efficiency is crucial in reducing electricity costs per coin, enabling the company to maintain profitability despite the increasing network difficulty.
According to the company, expanding its hashrate is a key strategy to strengthen its position in the Bitcoin market. Eric Trump, co-founder and chief strategy officer, stated that the swift deployment of these miners at Drumheller reflects the company's commitment to leading through disciplined capital allocation and efficient growth. The new units represent 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 BTC treasury to 7,000.