American Bitcoin (ABTC), a mining and finance company linked to US President Donald Trump’s family, announced on Wednesday that it had added nearly 11,300 bitcoin mining rigs at the Drumheller site. The news sent the stock price up about 12% to $1.38.
The firm said the miners were fully deployed at its facility in Alberta, Canada, increasing its fleet of ASICs (application specific integrated circuits) to about 89,242. It also said the new bitcoin mining rigs contribute an incremental 3.05 exahash per second (EH/s) with an efficiency of 13.5 joules per terahash (J/TH) to its current operational fleet.
This high efficiency rating (13.5 J/TH) is critical because it lowers the company’s electricity costs per coin, allowing ABTC to remain profitable even as increasing network problems make Bitcoin more difficult to mine, the firm explained in its statement. “Hashrate scaling is one of the ways we’re strengthening our position in Bitcoin,” the firm said.
“Bringing these miners online at Drumheller reflects exactly how we intend to lead: to move quickly, allocate capital with discipline, and increase our Bitcoin exposure efficiently at institutional scale,” said Eric Trump, co-founder and chief strategy officer at American Bitcoin, in a statement.
The US Bitcoin statement added that the new units at Drumheller represent the operational completion of a fleet expansion first announced on March 3, 2026, a sign that the company has decided to double down on bitcoin mining even as several other miners are pivoting capital and infrastructure to artificial intelligence and AI data centers.
On March 18, American Bitcoin raised its BTC holdings to 6,899, becoming the 16th largest bitcoin holder, overtaking Mike Novogratz’s Galaxy Digital. By March 30, the Trump-backed firm raised its BTC treasury to 7,000.
