Shares of American Bitcoin surged approximately 12% to $1.38 following an announcement regarding the deployment of new mining equipment. The company revealed that it has installed nearly 11,300 bitcoin mining rigs at its Drumheller facility located in Alberta, Canada. This latest expansion boosts American Bitcoin’s total fleet to around 89,242 ASIC machines, significantly enhancing its operational capability in the competitive mining landscape.
The newly installed rigs add an impressive 3.05 exahash per second to the company’s overall hashrate. This increase is crucial as it comes with an efficiency rating of 13.5 joules per terahash, which effectively reduces the electricity costs incurred per bitcoin mined. Company executives highlighted that this enhanced efficiency is instrumental in maintaining profitability, especially as mining difficulty continues to escalate.
Eric Trump, co-founder and chief strategy officer of American Bitcoin, described the deployment as a testament to the company’s commitment to rapid growth and disciplined capital allocation. “Bringing these miners online reflects how we lead with speed and disciplined capital allocation,” he stated in an official comment.
The latest expansion at the Drumheller site completes a previous growth plan initiated on March 3, 2026, showcasing American Bitcoin’s commitment to scaling its mining operations despite an industry trend where many firms are shifting focus towards artificial intelligence infrastructure. The company remains steadfast in augmenting its exposure to bitcoin through intensive mining efforts, which it identifies as a core component of its business strategy.
In addition to expanding its mining capabilities, American Bitcoin has also been increasing its bitcoin treasury. As of March 18, the company reported ownership of 6,899 BTC, making it one of the largest corporate holders of bitcoin. By March 30, this treasury grew to 7,000 BTC, surpassing holdings by other major players in the sector, such as Galaxy Digital. This strategy of growing both mining operations and bitcoin reserves positions American Bitcoin strongly within the evolving cryptocurrency market.
