American Bitcoin, a firm connected to the family of former US President Donald Trump, has announced the deployment of 11,298 additional bitcoin mining ASICs at its Drumheller site in Alberta, Canada. This development led to a 12% increase in the company's share price, reaching $1.38.
The newly added miners have enhanced the company's fleet of ASICs 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 high 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 to strengthen 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 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.