American Bitcoin, a company linked to the Trump family, announced the deployment of nearly 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 miners into its facility in Alberta, Canada, bringing its total fleet of ASICs to approximately 89,242.
The new mining rigs contribute an additional 3.05 exahash per second to the company's operations, with an efficiency rating of 13.5 joules per terahash. This high efficiency is crucial in reducing electricity costs and maintaining profitability amidst rising network difficulty.
The company emphasized that scaling its hashrate is essential to strengthening 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 strategy of 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, demonstrating the company's commitment to bitcoin mining despite other miners shifting focus to artificial intelligence and AI data centers. Recently, American Bitcoin increased its BTC holdings to 6,899, becoming the 16th-largest bitcoin holder, and later raised its treasury to 7,000.