American Bitcoin, a mining and treasury company with ties to the Trump family, has announced the deployment of 11,298 additional bitcoin mining ASICs at its Drumheller site in Alberta, Canada. This move has resulted in a 12% increase in the company's share price, reaching $1.38. The newly added miners have brought the total number of ASICs to approximately 89,242, with an incremental 3.05 exahash per second (EH/s) at an efficiency of 13.5 joules per terahash (J/TH).
This high efficiency rating is expected to reduce electricity costs per coin, enabling the company to maintain profitability despite rising network difficulty. The expansion is part of the company's strategy to strengthen its position in the Bitcoin market. According to Eric Trump, co-founder and chief strategy officer, the deployment of these miners demonstrates the company's commitment to leading the industry through rapid growth, disciplined capital allocation, and efficient expansion of its Bitcoin operations.
The addition of these new units marks the completion of a fleet expansion announced on March 3, 2026, signaling 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.