American Bitcoin, a mining and treasury company with ties to the Trump family, revealed on Wednesday that it has deployed approximately 11,300 new bitcoin mining rigs 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 bring the total number of application-specific integrated circuits (ASICs) to around 89,242, with the new rigs contributing an additional 3.05 exahash per second (EH/s) at an efficiency of 13.5 joules per terahash (J/TH).
This high efficiency is crucial as it reduces the company's electricity costs per coin, allowing American Bitcoin to maintain profitability despite rising network difficulty. In a statement, the company emphasized that scaling hashrate is key to strengthening its position in the Bitcoin market. Eric Trump, co-founder and chief strategy officer, stated that the deployment of these new miners reflects the company's commitment to moving quickly, allocating capital efficiently, and growing its Bitcoin exposure at an institutional scale. 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 BTC treasury to 7,000.