{"id":8630,"date":"2026-04-24T13:34:41","date_gmt":"2026-04-24T13:34:41","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=8630"},"modified":"2026-04-24T13:34:41","modified_gmt":"2026-04-24T13:34:41","slug":"trump-linked-miner-abtc-boosts-hash-power-as-stock-jumps-despite-losses","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=8630","title":{"rendered":"Trump-Linked Miner ABTC Boosts Hash Power as Stock Jumps Despite Losses"},"content":{"rendered":"<p><\/p>\n<div>\n<div id=\"blockquote-block_ddf0056ad1bed6277789af46c84e531e\" class=\"blockquote-container\" style=\"border-color: #5100fc\">\n<div class=\"blockquote-text\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ABTC expanded its mining fleet, adding over 11,000 ASIC machines and lifting the total hashrate to 28.1 EH\/s.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Shares rose sharply following the update, signalling investor confidence in the scale-up.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The company remains under pressure after a US$59.5M (AU$83.3M) quarterly loss amid tough mining conditions.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>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<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">American Bitcoin has completed the energization of ~11,298 additional ASICs, delivering on our expansion plans and further scaling our mining operations.<\/p>\n<p>~28.1 EH\/s total owned hashrate<br \/>~12% increase in mining capacity<br \/>~89,242 total miners in the fleet<br \/>~3.05 EH\/s added at ~13.5\u2026 <a href=\"https:\/\/t.co\/TbnM4Xmsw3\">pic.twitter.com\/TbnM4Xmsw3<\/a><\/p>\n<p>\u2014 American Bitcoin (@ABTC) <a href=\"https:\/\/twitter.com\/ABTC\/status\/2046929513511055563?ref_src=twsrc%5Etfw\">April 22, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The additional rigs add approximately 3.05 EH\/s of computing power, pushing the company\u2019s 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.<\/p>\n<p><strong>Related: Aussie Broker Says Surging Crypto Adoption Will See Crypto-Backed Mortgages Happen<\/strong><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-abtc-scales-despite-pressure\">ABTC Scales Despite Pressure<\/h2>\n<p>The deployment marks the completion of a previously announced fleet expansion and highlights the company\u2019s 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.<\/p>\n<p>Investor response was immediate, with ABTC shares climbing about 11.7% to US$1.38 (AU$1.93) following the update.<\/p>\n<p>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.<\/p>\n<p><strong>Related: Bitcoin Pullback Sparks $260M Liquidations as Geopolitical Tensions Rattle Markets<\/strong><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>American Bitcoin,Bitcoin Mining#TrumpLinked #Miner #ABTC #Boosts #Hash #Power #Stock #Jumps #Losses1777037681<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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,<\/p>\n","protected":false},"author":1,"featured_media":8631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[4195,108,3418,2448,653,2347,88,1304,1175],"class_list":{"0":"post-8630","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-abtc","9":"tag-boosts","10":"tag-hash","11":"tag-jumps","12":"tag-losses","13":"tag-miner","14":"tag-power","15":"tag-stock","16":"tag-trumplinked"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump-Linked Miner ABTC Boosts Hash Power as Stock Jumps Despite Losses - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=8630\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump-Linked Miner ABTC Boosts Hash Power as Stock Jumps Despite Losses\" \/>\n<meta property=\"og:description\" content=\"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. 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