American Bitcoin, a firm associated with the Trump family, has announced the deployment of approximately 11,300 new bitcoin mining units at its 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 are now fully operational, bringing the total number of ASICs to around 89,242. According to the company, these new units contribute an additional 3.05 exahash per second, with an efficiency rating of 13.5 joules per terahash.
This high efficiency is crucial in reducing electricity costs, enabling the company to maintain profitability despite the increasing difficulty in mining bitcoin. The firm emphasized that scaling its hashrate is essential to strengthening its position in the bitcoin market.
In a statement, Eric Trump, co-founder and chief strategy officer, highlighted the company's commitment to leading the industry through swift action, disciplined capital allocation, and efficient growth. The addition of these new miners marks the completion of a fleet expansion announced on March 3, 2026, demonstrating the company's dedication to bitcoin mining operations.
Recently, American Bitcoin increased its bitcoin holdings to 6,899, becoming the 16th-largest bitcoin holder, and later raised its treasury to 7,000 BTC.