On Wednesday, American Bitcoin Corp. (ABTC) announced that it has activated 11,298 Bitcoin miners at its Drumheller site in Alberta, Canada. This action increases the company’s total owned hash rate to 28.1 EH/s across 89,242 machines. Following this announcement, shares of the Trump-endorsed firm have seen a significant rise.
The completion of the deployment aligns with expansion plans initially unveiled on March 3. Now that the Drumheller activation is finalized, American Bitcoin’s fleet operates at an average efficiency of 16.0 J/TH.
“Scaling hash rate bolsters our position in Bitcoin,” stated Eric Trump, co-founder and Chief Strategy Officer at American Bitcoin, in a press release. “The swift deployment of these miners demonstrates our commitment to leading by moving quickly, making disciplined capital allocations, and efficiently increasing our Bitcoin exposure on an institutional level.”
Since Wednesday’s market opening, ABTC shares have climbed over 13%, recently trading at $1.41. In the past month, share prices have surged by nearly 49%, recovering from a low of $0.77 on March 30.
The expansion in Drumheller is central to American Bitcoin’s strategy of amassing Bitcoin through self-mining at costs below market rates. The company reported mining Bitcoin at a 53% discount to spot prices during the fourth quarter of 2025. This approach has expanded American Bitcoin’s treasury to over 7,000 BTC, valued around $552 million.
“Our deployment showcases our operational model, converting execution and efficiency gains into more affordable Bitcoin for shareholders,” noted Matt Prusak, President of American Bitcoin Corp., in a statement.
A majority-owned subsidiary of Hut 8 Corp., American Bitcoin operates as a Bitcoin accumulation platform, establishing what it describes as America’s Bitcoin infrastructure through large-scale self-mining. This move aligns with recent legislative efforts to support domestic Bitcoin mining, highlighted by senators introducing the “Mined in America” bill aimed at enhancing the sector.