American Bitcoin, a company tied to the Trump family, has announced the deployment of approximately 11,300 new bitcoin mining machines at its Drumheller site in Alberta, Canada. This move has resulted in a 12% increase in the company's share price, reaching $1.38.
The new miners are now fully operational, bringing the total number of ASICs to around 89,242 and contributing an additional 3.05 exahash per second to the company's mining capacity. The high efficiency of the new rigs, at 13.5 joules per terahash, is expected to reduce electricity costs and maintain profitability despite rising network difficulty.
According to Eric Trump, co-founder and chief strategy officer, the expansion reflects the company's strategy to strengthen its position in the bitcoin market through swift action, disciplined capital allocation, and efficient growth. The move also marks the completion of a fleet expansion announced on March 3, 2026, demonstrating the company's commitment to bitcoin mining.
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.