The Trump-affiliated American Bitcoin (ABTC) company, which specializes in mining and treasury services, revealed on Wednesday that it has augmented its mining capabilities with the addition of approximately 11,300 new bitcoin mining rigs at its Drumheller facility. This development triggered a 12% rise in the company's share price, reaching $1.38.
The newly introduced miners are now fully operational at the Alberta, Canada site, thereby expanding the company's fleet of application-specific integrated circuits (ASICs) to around 89,242. Furthermore, these new mining rigs contribute an additional 3.05 exahash per second (EH/s) to the company's existing operational capacity, boasting an impressive efficiency rating of 13.5 joules per terahash (J/TH).
This heightened efficiency is crucial as it enables the company to maintain profitability despite the increasing difficulty in mining Bitcoin, which is driven by rising network challenges. In a statement, the company underscored the importance of this high efficiency rating in reducing electricity costs per coin, thereby ensuring the company remains profitable. "Enhancing our hashrate is a key strategy for bolstering our position within the Bitcoin landscape," the company stated. Eric Trump, co-founder and chief strategy officer at American Bitcoin, commented, "The successful deployment of these miners at our Drumheller site exemplifies our commitment to leadership through swift action, disciplined capital allocation, and the efficient expansion of our Bitcoin footprint at an institutional scale." The introduction of these new units marks the culmination of a fleet expansion initially announced on March 3, 2026, signaling the company's resolve to intensify its focus on Bitcoin mining operations.
This move comes at a time when several other mining companies are redirecting their capital and infrastructure towards artificial intelligence and AI data centers. In a related development, American Bitcoin increased its Bitcoin holdings to 6,899 by March 18, catapulting it to the 16th position among the largest Bitcoin holders and surpassing Mike Novogratz's Galaxy Digital. By March 30, the company had further bolstered its BTC treasury to 7,000.