American Bitcoin, a firm linked to the Trump family, has announced the deployment of nearly 11,300 additional bitcoin mining rigs at its Drumheller facility. This move has resulted in a 12% increase in the company's share price, reaching $1.38. The newly installed miners have augmented the company's ASIC fleet to approximately 89,242, with the new rigs contributing an extra 3.05 exahash per second at an efficiency of 13.5 joules per terahash. This enhanced 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. Eric Trump, co-founder and chief strategy officer, stated that the swift deployment of these miners demonstrates the company's commitment to leading the industry through disciplined capital allocation and efficient growth.
The addition of these new units marks 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 treasury to 7,000 BTC.