American Bitcoin, the cryptocurrency mining firm established by Eric Trump and Donald Trump Jr., revealed plans to expand its operations by introducing 11,298 new Bitcoin mining rigs, which will increase its mining capacity by approximately 12%. This significant enhancement aims to raise the company’s total mining output to 28.1 exahash per second (EH/s) from 89,242 existing miners, contributing to the company’s goal of bolstering American-operated hash rate within the Bitcoin network.
The newly acquired machines, expected to be operational by the end of the month at the company’s facility in Drumheller, Alberta, Canada, will feature an efficiency rate of 13.5 joules per terahash (J/TH). Eric Trump, serving as the Chief Strategy Officer, articulated the firm’s mission in a statement: “As Bitcoin matures, the priority is clear: grow American-owned, professionally operated hash rate. That’s how we protect the network, drive innovation, and lead the future of Bitcoin in America.”
Bitcoin mining involves complex calculations to secure the blockchain network, with participants receiving Bitcoin as a reward. Miners typically operate on an industrial scale in regions where energy costs are low, which enhances profitability. Matt Prusak, President of American Bitcoin, underscored the company’s strategic focus by saying, “Every decision we make is oriented around maximizing Bitcoin accumulation. That’s the discipline our shareholders should expect from us.”
Despite mining Bitcoin at a significant discount—53% lower than current spot prices during the fourth quarter of 2025—American Bitcoin reported a substantial loss of $59.45 million during the same period. This loss comes as Bitcoin prices soared to an all-time high over $126,000 in early October but then retreated to approximately $66,736, posing ongoing challenges for miners.
The announcement of the new rigs comes on the heels of the grim financial report, highlighting an uphill battle for the company despite maintaining efficient mining operations. Currently, American Bitcoin holds 6,039 BTC, valued at around $402 million.
In the stock market, American Bitcoin’s shares experienced a 5% decline on Tuesday, dropping below $0.96 amid a broader sense of instability influenced by recent geopolitical tensions, particularly linked to conflicts involving Iran and Israel initiated by President Trump over the weekend. Over the past month, ABTC stock has decreased by nearly 29%.
