American Bitcoin (ABTC), a publicly traded mining firm co-founded by Eric Trump and Donald Trump Jr., has accomplished the energization of 11,298 new ASICs at its Drumheller web site in Alberta, Canada.
The corporate now owns about 89,242 ASICs in whole, with its mining fleet producing roughly 28.1 exahashes per second (EH/s) at a median effectivity of 16 joules per terahash.
Shares of ABTC surged about 11.7% on Wednesday, rising to roughly $1.38 per share following the announcement.
Powerful quarter preceded the enlargement
The energization comes after a tough enterprise interval for ABTC, which posted a $59.5 million loss in This autumn 2025.
The corporate attributed the loss largely to a $227.1 million decline within the truthful worth of its bitcoin holdings as costs fell sharply.
Regardless of the losses, ABTC mentioned it was in a position to “mine BTC at a 53% low cost” to identify market costs through the interval.
The unique ASIC buy was made in March, weeks after the This autumn outcomes had been filed with the SEC.
Miners broadly beneath stress
ABTC’s struggles mirror a wider squeeze on the bitcoin mining trade.
Public miners have been hit by decreased block rewards for the reason that April 2024 halving, rising vitality prices, and falling crypto costs.
Public mining corporations together with MARA, CleanSpark, Riot, and others collectively bought about 32,000 BTC in Q1 2026—greater than all of 2025 mixed—in accordance with TheEnergyMag.
That determine topped the earlier report of 20,000 BTC bought by public miners throughout Q2 2022.
What’s subsequent for ABTC
With the brand new machines now on-line, ABTC is positioned to extend its bitcoin mining profitability going ahead, assuming market circumstances stabilize.
The corporate’s expanded fleet and improved effectivity metrics counsel it’s betting on a restoration in bitcoin costs to show its operations round after a bruising stretch.