Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
American Bitcoin Corporation (ABTC), which has ties to the Trump family, announced the purchase of 11,298 new ASIC mining equipment to enhance its Bitcoin mining operations, a move that will increase its operating capacity by approximately 12%.
The company said in a statement on March 3 that the new equipment will have an increased capacity of approximately 3.05 exahashes/s (EH/s) and will be deployed at the mine in Drumheller, Alberta, Canada, in March 2026.
The devices are expected to operate at an efficiency of 13.5 joules per terahahe (J/TH), compared with the company’s current average efficiency of 16 J/TH.
The company’s co-founder Eric Trump said the goal is to expand U.S.-owned computing power and operate it professionally to support the Bitcoin network and promote innovation in the industry.
After this transaction, the number of mining machines owned by the company will increase to 89,242 units, with a total computing power of approximately 28.1 EH/s.
After the new equipment is put into production, it is expected that the actual number of operating equipment will reach 58,999 units, with a capacity of approximately 25 EH/s.
The company adopted a strategy of collecting Bitcoins through mining and as of 2025, the company owned 5,041 Bitcoins, later increasing its holdings to over 6,000 Bitcoins.
The expansion comes as major mining companies, such as Core Scientific, Riot, Cipher Mining and Bitdeer, begin leveraging their infrastructure to support AI workloads.
Despite the business expansion, U.S. Bitcoin still recorded a net loss of $59.45 million in the fourth quarter of 2025, compared with a profit of $3.48 million in the same period a year earlier.
Its revenue also reached $78.3 million, up year-over-year but slightly below analysts’ expectations.
Also read:
$24M stolen from Cryptocurrency investor after threats of violence: details
In a surprising ruling, a US court dropped terrorism financing charges against Binance!
