Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
This action sharply contrasts with the company’s competitors, many of whom are either reducing or completely exiting the bitcoin mining sector.
American Bitcoin has announced the acquisition of 11,298 mining rigs, enhancing its fleet by 12%. (Credit: CoinDesk)
Key details:
- American Bitcoin (ABTC), supported by the Trump family, is expanding its bitcoin mining activities while many public miners are reallocating resources and infrastructure towards AI.
- The firm is set to purchase 11,298 ASIC miners for installation in March 2026 at its Drumheller, Alberta facility, a step anticipated to increase its capacity by approximately 12% and contribute an additional 3.05 EH/s, or about 0.3% of the global hashrate.
As several publicly listed bitcoin miners adjust their strategies and funding towards AI infrastructure, the Trump family-associated American Bitcoin (ABTC) is reinforcing its commitment to BTC mining.
Related Posts
The company revealed on Tuesday the acquisition of 11,298 ASIC miners, which it claims will raise its mining capacity by an estimated 12%.
Read more: End of bitcoin ‘HODL’: public miners going all-in on AI, signaling more BTC selling
The miners are expected to be delivered and operational by March 2026 at its Drumheller site in Alberta, Canada.
According to current network metrics, the additional 3.05 EH/s would represent roughly 0.3% of the global hashrate. This capacity could yield around 42 bitcoin monthly, or approximately 515 bitcoin annually. With a bitcoin price near $68,000, this translates to about $2.9 million in gross monthly revenue and roughly $35 million yearly, before factoring in energy costs, fees, and changes in difficulty.
“As bitcoin evolves, the focus is clear: expand an American-owned, professionally managed hashrate,” stated Eric Trump, co-founder and chief strategy officer at American Bitcoin. “This is how we secure the network, stimulate innovation, and shape the future of bitcoin in America.”
ABTC shares fell by 2.6% to $0.99 during Tuesday trading.
