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American Bitcoin, co-founded by U.S. President Donald Trump’s son Eric Trump, has announced the deployment of an additional 11,298 ASIC miners at its facility in Drumheller.
The devices, acquired in early March, have provided the company with a hash rate increase of approximately 3.05 EH/s, with an efficiency of around 13.5 joules per terahash. Following the commissioning of the new equipment, American Bitcoin’s mining fleet now totals 89,242 miners, operating at a speed of about 28.1 EH/s and an average efficiency of roughly 16 joules per terahash.
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“The increase in hash rate is one of the methods to strengthen our position in Bitcoin. The launch of these miners in Drumheller demonstrates our readiness to lead: effectively allocate capital and maximize Bitcoin accumulation on a corporate scale,” stated Eric Trump, co-founder and head of strategic development at American Bitcoin.
Matt Prusak, President of American Bitcoin, added that the rise in the number of miners will enable the company to mine Bitcoin below market prices through stringent control of operational expenses and reduced electricity costs.
According to BitcoinTreasuries, American Bitcoin ranks 16th in terms of accumulated Bitcoin holdings. Currently, it possesses 7,000 BTC. The top three companies include Strategy led by Michael Saylor, Twenty One Capital headed by Jack Mallers, and the Japanese firm Metaplanet.
Last year, Eric Trump conducted a tour of the American Bitcoin mining facility in Texas for his 6 million social media followers. He showcased the liquid-cooled servers. At that time, approximately 35,000 miners were operational at the site.
