Eric Trump-Founded American Bitcoin Corp Expands Mining Capacity and Increases Holdings
Eric Trump Moves To Expand American Bitcoin's Hashrate With New Miner Activation
Benzinga
Image: Benzinga
American Bitcoin Corp., co-founded by Eric Trump, has activated over 11,000 new mining machines, boosting its computing power to approximately 28.1 exahashes per second. The company's Bitcoin holdings have also surged, now valued at over $550 million as Bitcoin prices rise.
- 01American Bitcoin Corp. activated 11,298 new mining machines, increasing its capacity significantly.
- 02The company's total mining fleet now consists of around 89,242 miners.
- 03American Bitcoin has accumulated approximately 7,000 BTC, valued at over $550 million.
- 04Shares of American Bitcoin rose about 10% following the expansion announcement.
- 05The company has seen a 40.7% increase in share value over the past month.
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American Bitcoin Corp. (NASDAQ:ABTC), co-founded by Eric Trump, has recently expanded its mining operations by activating 11,298 additional mining machines at its facility in Drumheller, Alberta, Canada. This expansion adds approximately 3.05 exahashes per second (EH/s) to its computing power, bringing the total to around 28.1 EH/s. The company aims to enhance its hashrate while maintaining operational efficiency, focusing on optimizing energy costs. Alongside its operational growth, American Bitcoin has increased its Bitcoin holdings to about 7,000 BTC, valued at over $550 million given current prices near $79,000. Since its public debut in September 2025, the company's Bitcoin treasury has grown significantly, reflecting a robust growth strategy that has also driven a 40.7% increase in its share price over the past month.
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The expansion of mining operations could lead to job creation and increased economic activity in Drumheller, Alberta.
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