American Bitcoin Corp. has successfully activated approximately 11,298 Bitcoin miners at its facility in Drumheller, Alberta, marking a significant enhancement in the company’s overall operational capacity. This deployment adds an impressive 3.05 EH/s of hash rate, increasing the total owned capacity to 28.1 EH/s across a fleet of 89,242 machines.
The recent announcement has led to a positive reaction on the stock market, with American Bitcoin’s shares surging by over 13% shortly after markets opened on Wednesday, and trading recently at $1.41. This uptick in share price adds to a dramatic 49% rise over the past month, following a low of $0.77 recorded on March 30.
The expansion aligns with the company’s strategic plans disclosed on March 3, evidencing their commitment to scaling operations efficiently. With the Drumheller facility now fully operational, American Bitcoin’s fleet operates at an average efficiency of 16.0 J/TH. Eric Trump, co-founder and Chief Strategy Officer at American Bitcoin, emphasized the importance of increasing hash rate as a means to reinforce the company’s position in the Bitcoin landscape. He stated that the activation of these miners reflects their intention to lead by acting swiftly, allocating capital wisely, and enhancing Bitcoin exposure on an institutional scale.
American Bitcoin’s approach centers on robust Bitcoin accumulation through self-mining, with a commitment to maintaining operating costs below market averages. The company reported that its Bitcoin mining operations achieved a remarkable 53% discount to spot prices in Q4 of 2025. This strategy has significantly bolstered American Bitcoin’s holdings, which now exceed 7,000 BTC, valued at approximately $552 million.
President Matt Prusak noted that the successful deployment of additional miners demonstrates the company’s operational model in action, leading to cost-efficient Bitcoin accumulation for its shareholders.
American Bitcoin Corp. is a majority-owned subsidiary of Hut 8 Corp. and positions itself as a Bitcoin accumulation platform, focusing on creating what it describes as America’s Bitcoin infrastructure through scaled self-mining activities.
The announcement also aligns with a growing trend of legislative support for domestic Bitcoin mining, as recent proposals, including a “Mined in America” bill, aim to promote and strengthen the sector further.
