Trump-backed American Bitcoin doubles down on mining, buys 11,298 ASICs to add ~12% capacity
ORCID iD icon https://orcid.org/0009-0009-1599-2739

Trump-backed American Bitcoin doubles down on mining, buys 11,298 ASICs to add ~12% capacity



American Bitcoin doubles down on mining, buys 11,298 ASIC rigs — adds ~12% capacity

As a growing number of public bitcoin miners pivot capital toward AI infrastructure, Trump family-backed American Bitcoin (ABTC) is taking a different route: doubling down on proof-of-work. On Tuesday the company announced a purchase of 11,298 ASIC miners that it says will boost its operational mining capacity by roughly 12%.

The machines are slated for delivery and deployment in March 2026 at ABTC’s Drumheller facility in Alberta, Canada. The new hardware is expected to add approximately 3.05 EH/s (exahashes per second) of hashing power — about 0.3% of the global Bitcoin network hashrate based on current data.

That incremental hashpower would translate to an estimated 42 BTC per month, or roughly 515 BTC annually. At a bitcoin price near $68,000, American Bitcoin’s gross yield from the batch would be about $2.9 million per month and roughly $35 million per year — figures that exclude electricity costs, pool fees and the impact of mining difficulty adjustments.

“As bitcoin matures, the priority is clear: grow an American-owned, professionally operated hashrate,” said Eric Trump, ABTC’s co-founder and chief strategy officer. “That’s how we protect the network, drive innovation, and lead the future of bitcoin in America.”

Despite the purchase announcement, ABTC shares fell about 2.6% on Tuesday to $0.99. The acquisition underlines a broader split among public operators: while some are redeploying capital into AI and other data-center uses, American Bitcoin is reinforcing a pure-play mining stance focused on increasing U.S.-aligned hashrate.

Read more AI-generated news on: undefined/news

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *