Headline: Trump-linked miner American Bitcoin stock jumps after adding 11,300 rigs, boosting hashrate by 3.05 EH/s
American Bitcoin (ABTC), a bitcoin mining and treasury firm tied to the family of U.S. President Donald Trump, saw its shares rise roughly 12% to $1.38 after announcing a major expansion of its Alberta mining footprint. The company said on Wednesday that it has deployed nearly 11,300 new ASIC miners at its Drumheller facility in Alberta, Canada.
The additions bring ABTC’s total deployed fleet to about 89,242 ASICs and add an incremental 3.05 exahash per second (EH/s) of mining power to its operational capacity. The new machines operate at an efficiency of 13.5 joules per terahash (J/TH), a performance metric the company highlighted as key to lowering electricity cost per mined coin and preserving profitability as Bitcoin network difficulty rises.
“Scaling hashrate is one of the ways we strengthen our position in Bitcoin,” ABTC said, with Eric Trump, co-founder and chief strategy officer, adding that bringing the Drumheller miners online exemplifies the company’s approach of moving quickly, allocating capital with discipline and growing Bitcoin exposure at institutional scale.
The company called the deployment the operational completion of a fleet expansion initially announced on March 3, 2026 — a signal that American Bitcoin is doubling down on pure-play mining even as several other miners divert capital and infrastructure toward artificial intelligence and AI data centers.
On the treasury side, American Bitcoin has been ramping up its BTC holdings: on March 18 it reported 6,899 BTC — making it the 16th-largest holder and passing Mike Novogratz’s Galaxy Digital — and by March 30 its reported treasury had reached 7,000 BTC.
Read more AI-generated news on: undefined/news
