American Bitcoin, a mining and treasury company associated with the Trump family, has announced the deployment of approximately 11,300 new bitcoin mining rigs at its site in Drumheller, Alberta, Canada. This move has resulted in a 12% increase in the company's share price, reaching $1.38.
The newly added miners bring the total number of ASICs to around 89,242, with 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 in reducing electricity costs, allowing 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. The deployment of these new miners reflects the company's commitment to rapid growth, disciplined capital allocation, and efficient expansion of its Bitcoin operations. Notably, this move marks the completion of a fleet expansion announced on March 3, 2026, demonstrating the company's dedication to bitcoin mining. 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.