American Bitcoin, a mining firm with ties to the Trump family, has announced the deployment of nearly 11,300 additional bitcoin mining units at its Drumheller facility. This move has led to a 12% increase in the company's share price, reaching $1.38.
The newly installed miners are now fully operational, bringing the total number of ASICs to approximately 89,242. The added capacity contributes an extra 3.05 exahash per second, with an efficiency rating of 13.5 joules per terahash, which helps reduce electricity costs and maintain profitability amidst rising network difficulty. According to the company, this expansion is a key part of its 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 disciplined approach to capital allocation and its commitment to growing its bitcoin exposure efficiently.
The new units mark the completion of a fleet expansion announced on March 3, 2026, indicating the company's decision to focus on bitcoin mining despite the pivot of other miners towards artificial intelligence and data centers. 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.