American Bitcoin, a mining and treasury company with ties to the Trump family, revealed on Wednesday that it has deployed approximately 11,300 additional bitcoin mining units at its site in Drumheller, Alberta, Canada. This development led to a 12% increase in the company's share price, reaching $1.38.
The newly added miners are now fully operational, bringing the total number of application-specific integrated circuits (ASICs) to around 89,242. The new mining rigs contribute an additional 3.05 exahash per second (EH/s) at an efficiency of 13.5 joules per terahash (J/TH), which is crucial in reducing electricity costs and maintaining profitability amidst rising network difficulty. According to the company, scaling hashrate is a key strategy to strengthen 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 disciplined capital allocation, efficient growth, and institutional-scale expansion. The new units mark the completion of a fleet expansion initially announced on March 3, 2026, indicating the company's decision to focus on bitcoin mining despite other miners shifting towards artificial intelligence and AI data centers. Recently, American Bitcoin increased its bitcoin holdings to 6,899, becoming the 16th-largest bitcoin holder, and later raised its treasury to 7,000 BTC by March 30.