American Bitcoin, a mining and treasury firm linked to the Trump family, revealed on Wednesday that it has deployed nearly 11,300 new bitcoin mining rigs at its Drumheller facility. This development led to a 12% increase in the company's share price, reaching $1.38. The newly added miners are fully operational at the Alberta, Canada facility, expanding the company's fleet of ASICs to approximately 89,242.
The new rigs contribute an additional 3.05 exahash per second, with an efficiency rating of 13.5 joules per terahash, to the company's existing operations. This high efficiency is crucial in reducing electricity costs per coin, enabling American Bitcoin 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. The firm's co-founder and chief strategy officer, Eric Trump, stated that the swift deployment of these miners at Drumheller demonstrates 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, indicating the company's decision to focus on 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.