American Bitcoin, a firm connected to the Trump family, has announced the deployment of approximately 11,300 new bitcoin mining rigs at its site in Drumheller, resulting in a 12% increase in its share price to $1.38. The company has fully integrated these new miners into its facility in Alberta, Canada, bringing its total fleet of ASICs to around 89,242. The additional rigs contribute an extra 3.05 exahash per second to the company's 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, expanding its hashrate is a key strategy for strengthening its position in the Bitcoin market.
The move to bring these miners online reflects the company's commitment to rapid growth, disciplined capital allocation, and efficient expansion of its Bitcoin operations. The newly added units mark the completion of a fleet expansion announced on March 3, 2026, demonstrating the company's dedication to bitcoin mining. Notably, American Bitcoin has increased its BTC holdings to become the 16th-largest bitcoin holder, surpassing Mike Novogratz's Galaxy Digital, and further raised its BTC treasury to 7,000 by March 30.