American Bitcoin, a mining and treasury firm connected to the Trump family, revealed on Wednesday that it has added approximately 11,300 new bitcoin mining rigs to its Drumheller site. This announcement led to a 12% increase in the company's share price, reaching $1.38. The newly deployed miners at the Alberta, Canada facility bring the company's total ASICs to around 89,242, with the new rigs contributing an additional 3.05 exahash per second at an efficiency 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 key to strengthening its position in Bitcoin. Eric Trump, co-founder and chief strategy officer, stated that the swift deployment of these miners reflects the company's commitment to leading through disciplined capital allocation and efficient growth. The new units mark the completion of a fleet expansion announced on March 3, 2026, demonstrating the company's dedication to bitcoin mining. Recently, American Bitcoin increased its BTC holdings to 6,899, becoming the 16th-largest bitcoin holder, and later raised its treasury to 7,000.