- ABTC expanded its mining fleet, adding over 11,000 ASIC machines and lifting the total hashrate to 28.1 EH/s.
- Shares rose sharply following the update, signalling investor confidence in the scale-up.
- The company remains under pressure after a US$59.5M (AU$83.3M) quarterly loss amid tough mining conditions.
American Bitcoin (ABTC) has expanded its mining operations in Alberta, bringing more than 11,000 additional application-specific integrated circuit (ASIC) units online at its Drumheller facility. The company, co-founded by the sons of US President Donald Trump, now operates a fleet of roughly 89,242 units following earlier hardware purchases
The additional rigs add approximately 3.05 EH/s of computing power, pushing the company’s overall hashrate to about 28.1 EH/s. Across its fleet, the firm reports an average efficiency of 16.0 J/TH, while the newly deployed machines operate at roughly 13.5 J/TH.
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ABTC Scales Despite Pressure
The deployment marks the completion of a previously announced fleet expansion and highlights the company’s ongoing strategy of increasing operational scale. Management has pointed to hashrate growth as a key mechanism for strengthening its Bitcoin position and improving accumulation efficiency.
Investor response was immediate, with ABTC shares climbing about 11.7% to US$1.38 (AU$1.93) following the update.
However, the company continues to face financial strain. It recorded a loss of US$59.5 million (AU$83.3 million) in the fourth quarter of 2025 amid a difficult operating environment for miners. Industry-wide pressures include declining Bitcoin prices, higher energy costs, and reduced rewards after the 2024 halving event.
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