American Bitcoin (ABTC), a mining and finance company with ties to President Donald Trump’s family, announced on Wednesday that it has added approximately 11,300 Bitcoin mining rigs to its Drumheller site. The company’s stock price rose about 12% to $1.38 on the news.
The company said the miner is fully deployed at its facility in Alberta, Canada, increasing its ASIC (application-specific integrated circuit) fleet to approximately 89,242 units. It also said that the new Bitcoin mining rig will contribute an increase of 3.05 exahash per second (EH/s) over the currently operating fleet, with an efficiency of 13.5 joules per terahash (J/TH).
The company explained in a statement that this high efficiency rating (13.5 J/TH) is important because it lowers the company’s power cost per coin, allowing ABTC to remain profitable despite increased network difficulty making it harder to mine Bitcoin. “Scaling hashrate is one of the ways we strengthen our position in Bitcoin,” the company said.
“Bringing miners online at Drumheller accurately reflects our future direction: to move quickly, allocate capital with discipline, and grow our Bitcoin exposure efficiently at an institutional scale,” Eric Trump, co-founder and chief strategy officer at American Bitcoin, said in a statement.
American Bitcoin’s statement added that the new unit in Drumheller represents the operational completion of a fleet expansion first announced on March 3, 2026, and the company’s decision to double down on its Bitcoin mining operations, even as several other miners are pivoting their capital and infrastructure to artificial intelligence and AI data centers.
On March 18th, the price of Bitcoin in the US rose. $BTC With 6,899 holdings, he became the 16th largest Bitcoin holder, surpassing Mike Novogratz’s Galaxy Digital. By March 30th, the Trump-backed company will $BTC Treasury up to 7,000.
