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Trump-linked American Bitcoin energizes 11,298 new ASICs
TL;DR
American Bitcoin has energized 11,298 new ASICs at its Drumheller site, boosting its total to 89,242 ASICs. The company's mining fleet now produces approximately 28.1 EH/s, leading to an 11.7% increase in share price.
Key points
- American Bitcoin energized 11,298 new ASICs
- Total ASICs owned by American Bitcoin is 89,242
- Mining fleet generates 28.1 EH/s of computing power
- Average efficiency is 16 joules per terahash
- Shares rose by 11.7% to $1.38
Mentioned in this story
American BitcoinDonald TrumpDrumhellerAlberta
American Bitcoin (ABTC), a publicly traded mining company co-founded by United States President Donald Trump’s sons, has completed its energization of 11,298 application-specific integrated circuits (ASICs) at its Drumheller site in Alberta, Canada.
Following the acquisition of machines, the company now owns about 89,242 ASICs, the computers used to mine Bitcoin (BTC) and other proof-of-work (PoW) cryptocurrencies, according to the company’s announcement on Wednesday.
ABTC’s mining fleet now generates a total of about 28.1 exahashes per second (EH/s) of computing power, operating at an “average efficiency” of 16 joules per terahash, the company said.
Shares of ABTC surged by about 11.7% on Wednesday, rising to about $1.38 per share, according to data from Yahoo Finance.
ABTC’s share price surged following the announcement. Source: Yahoo Finance
The announcement followed a tough business quarter for the company, which posted a loss of $59.5 million in the fourth quarter of 2025, as the mining industry grapples with multiple economic challenges that are chipping away at revenue.
Related: Aluminum giant Alcoa to sell dormant smelter to Bitcoin miner NYDIG: Report
ABTC struggles amid challenging business environment for miners
Mining companies are grappling with reduced block rewards since the April 2024 halving, rising energy costs, and declining crypto prices from the
Q&A
How many ASICs does American Bitcoin currently own?
American Bitcoin currently owns about 89,242 ASICs.
What is the total computing power of American Bitcoin's mining fleet?
The total computing power of American Bitcoin's mining fleet is approximately 28.1 exahashes per second (EH/s).
What was the impact on American Bitcoin's share price after the energization of new ASICs?
After the energization of new ASICs, shares of American Bitcoin surged by about 11.7%.
