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Trump-linked American Bitcoin shares spike over 12% after announcing more mining power
The Trump family-linked mining and treasury company announced 11,298 additional bitcoin mining ASICs at its Drumheller site.
Apr 22, 2026, 3:57 p.m.
What to know:
- American Bitcoin, a mining and treasury firm tied to Donald Trump’s family, added nearly 11,300 new bitcoin mining rigs at its Drumheller, Alberta, site, sending its share price up about 12% to $1.38.
- The deployment boosts the company’s fleet to roughly 89,242 ASIC miners and adds 3.05 exahash per second of capacity at a high efficiency of 13.5 joules per terahash, which the firm says lowers electricity costs per coin.
- The expansion, framed by co-founder Eric Trump as disciplined, large-scale growth, comes as American Bitcoin doubles down on mining and grows its BTC treasury to 7,000 coins, even as some rivals shift resources toward artificial-intelligence data centers.
This high efficiency rating (13.5 J/TH) is critical because it lowers the company’s electricity cost per coin, allowing ABTC to remain profitable even as rising network difficulty makes Bitcoin harder to mine, the firm explained in its statement. “Scaling hashrate is one of the ways we strengthen our position in Bitcoin,” the firm said.
“Bringing these miners online at Drumheller reflects exactly how we intend to lead: moving quickly, allocating capital with discipline, and growing our Bitcoin exposure efficiently at institutional scale,” said Eric Trump, co-founder and chief strategy officer at American Bitcoin, in a statement.
