Trump's son's Bitcoin mining company American Bitcoin adds 11,000 new mining rigs! Eric Trump exclaims: Accumulating Bitcoin efficiently at an institutional scale

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The mining company backed by the Trump family is surging! American Bitcoin Corp. (ABTC) announced today (22nd) that it has successfully brought over 11,000 new mining machines online, pushing the company's total hashrate to 28.1 EH/s. Driven by this positive news, ABTC's stock price soared over 13% at the opening on Wednesday, marking a dramatic comeback of nearly 50% over the past month. Co-founder and Chief Strategy Officer Eric Trump emphasized that the company will continue to efficiently accumulate Bitcoin at an institutional scale. (Previous coverage: Trump's son's Bitcoin mining company American Bitcoin plunges 39%! Private placement lock-up expiration triggers sell-off) (Background: Trump-backed American Bitcoin plans to list on Nasdaq in September under the ticker ABTC) As support for the domestic cryptocurrency industry grows within U.S. politics, the publicly traded mining company American Bitcoin Corp. (Ticker: ABTC), backed by the Trump family, is experiencing a strong breakout period. On Wednesday (22nd), ABTC officially announced the successful activation of 11,298 new Bitcoin mining machines at its Drumheller facility in Alberta, Canada. The successful execution of this expansion plan has significantly boosted investor confidence. The deployment of these new machines fulfills the expansion plan first announced by the company on March 3rd. With the full activation of the Drumheller facility, American Bitcoin's total fleet has reached 89,242 machines, with total self-mining hashrate officially expanding to 28.1 EH/s and an average operating efficiency reaching a highly competitive 16.0 J/TH. The impressive operational data is directly reflected in the capital markets. ABTC's stock price surged more than 13% shortly after the opening on Wednesday, with recent trading prices reaching $1.41. From the low of $0.77 set on March 30th, the stock has staged a dramatic comeback over the past month, with a cumulative gain of 49%. American Bitcoin is a subsidiary majority-owned by North American mining giant Hut 8 Corp., focusing on building U.S. Bitcoin infrastructure through large-scale "self-mining." The company's co-founder and Chief Strategy Officer—who is also the son of U.S. President Trump—Eric Trump, stated firmly: "Expanding our hashrate is one of the ways we solidify our position in the Bitcoin market. Bringing these machines online at the Drumheller facility perfectly reflects how we intend to lead the market: acting quickly, allocating capital with discipline, and efficiently increasing our Bitcoin exposure at an institutional scale." The ultimate goal of this asset-heavy mining model is to aggressively "hoard coins" at a cost below market rates. American Bitcoin President Matt Prusak pointed out that this deployment translates execution and efficiency gains into low-cost Bitcoin accumulation for shareholders. It is reported that the company's cost to mine Bitcoin in Q4 2025 was 53% cheaper than the spot price at that time. This strategy has allowed the company's treasury to accumulate over 7,000 BTC, with a total value of approximately $552 million. Notably, American Bitcoin's aggressive expansion coincides with a shift toward a friendlier attitude from the U.S. legislature toward the domestic Bitcoin mining industry. Recently, U.S. Senators formally introduced a new bill titled "Mined in America," aimed at boosting the development of the domestic cryptocurrency mining industry. Supported by strong political capital (Trump family backing), extreme cost control, and favorable macroeconomic policies, American Bitcoin is attempting to seize the most dominant strategic high ground in the fiercely competitive North American hashrate war.

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