The Trump-family linked American Bitcoin (ABTC) saw its share price jump by approximately 12% to $1.38 after announcing the deployment of 11,298 additional bitcoin mining ASICs at its Drumheller facility. The company, which is involved in mining and treasury operations, stated that the new miners are now fully operational, increasing its total ASIC fleet to around 89,242.
This expansion adds 3.05 exahash per second to the company's existing operations, with an efficiency rating of 13.5 joules per terahash. This high efficiency is crucial as it helps reduce electricity costs per coin, enabling the company to remain profitable despite the rising network difficulty in Bitcoin mining.
The firm emphasized that scaling its hashrate is a key strategy to strengthen its position in the Bitcoin market. In a statement, Eric Trump, co-founder and chief strategy officer at American Bitcoin, noted that the swift deployment of these miners at Drumheller reflects the company's commitment to moving quickly, disciplined capital allocation, and efficient growth of its Bitcoin exposure at an institutional scale.
The new units represent the completion of a fleet expansion announced on March 3, 2026, indicating the company's decision to further invest in bitcoin mining. This move comes as some other miners are shifting their focus towards artificial intelligence and AI data centers. Recently, American Bitcoin increased its BTC holdings, reaching 6,899 by March 18, and further raised its BTC treasury to 7,000 by March 30, positioning itself as a significant player in the Bitcoin market.