American Bitcoin, a publicly traded Bitcoin mining company co-founded by Eric Trump and Donald Trump Jr., announced plans to expand its mining capacity by about 12% through the acquisition of over 11,000 new machines. The firm is set to purchase 11,298 Bitcoin miners, which will add roughly 3.05 exahash per second (EH/s) of mining capacity, operating at an efficiency of 13.5 joules per terahash (J/TH).
Following this acquisition, American Bitcoin’s total fleet will increase to 89,242 miners, reflecting a total owned capacity of 28.1 EH/s at an average efficiency of 16.0 J/TH. The new miners are expected to arrive in Drumheller, Alberta, Canada, within the month.
Eric Trump, Chief Strategy Officer at American Bitcoin, emphasized the importance of expanding the company’s hash rate. “As Bitcoin matures, the priority is clear: grow American-owned, professionally operated hash rate,” Trump remarked. He stressed that this approach is essential for network protection, innovation, and leadership in the Bitcoin space within the U.S.
Bitcoin mining involves solving complex equations that secure the blockchain network, allowing miners to earn newly minted Bitcoin. Typically, Bitcoin mining operations are housed in warehouses situated in regions with lower energy costs, enhancing profitability.
Matt Prusak, President of American Bitcoin, further clarified the company’s focus, stating, “Every decision we make is oriented around maximizing Bitcoin accumulation. That’s the discipline our shareholders should expect from us.”
In terms of financial performance, American Bitcoin reported that it mined Bitcoin at a 53% discount to spot prices during the fourth quarter of 2025, which coincided with a period when Bitcoin reached an all-time high of over $126,000 in early October. However, the cryptocurrency has since seen a significant decline, recently valued around $66,736, presenting challenges for miners.
The decision to increase mining capacity follows a report detailing a loss of $59.45 million for the most recent quarter, even with operational efficiencies in play. The company currently holds 6,039 BTC, valued at approximately $402 million.
Amid these developments, American Bitcoin’s stock, trading under the ticker ABTC, fell nearly 6% on Tuesday to below $0.96. This drop is part of a broader stock market downturn influenced by uncertainties surrounding a recent conflict involving Iran, initiated by President Trump in collaboration with Israel. Over the past month, ABTC shares have plummeted nearly 29%.
