American Bitcoin, a firm with ties to the Trump family, has announced the deployment of nearly 11,300 additional bitcoin mining rigs at its facility in Drumheller, resulting in a 12% increase in its share price to $1.38. The new miners, which are now fully operational, bring the company's total fleet of ASICs to approximately 89,242. This expansion adds an incremental 3.05 exahash per second to the company's current operational capacity, 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 rising network difficulty. According to the company, scaling hashrate is a key strategy for 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 units at Drumheller mark the completion of a fleet expansion announced on March 3, 2026, demonstrating the company's dedication to bitcoin mining operations. Notably, American Bitcoin has increased its BTC holdings, becoming the 16th-largest bitcoin holder with 6,899 BTC, surpassing Mike Novogratz's Galaxy Digital, and further raising its BTC treasury to 7,000 by March 30.