Trump-backed American Bitcoin activates 11,298 miners in Alberta
Trump-backed American Bitcoin activated 11,298 miners at its Drumheller, Alberta site, adding 3.05 EH/s and raising owned hashrate to 28.1 EH/s across 89,242 machines.
American Bitcoin Corp. completed activation Wednesday of about 11,298 Bitcoin miners at its Drumheller facility in Alberta, Canada. The deployment added 3.05 exahashes per second (EH/s), bringing the company’s total owned hashrate to 28.1 EH/s across 89,242 machines.
The deployment completes an expansion plan the company disclosed on March 3 and increases the average efficiency of its owned fleet to 16.0 joules per terahash (J/TH). The company said the new capacity came online at Drumheller to expand its self-mining capability.
Shares of American Bitcoin rose more than 13% after markets opened Wednesday, trading around $1.41. The stock has gained roughly 49% over the past month after falling to $0.77 on March 30.
American Bitcoin reported it mined Bitcoin at an average cost that represented a 53% discount to spot prices in the fourth quarter of 2025. Its treasury holds more than 7,000 BTC, which the company values at about $552 million.
American Bitcoin operates as a Bitcoin accumulation platform and is a majority-owned subsidiary of Hut 8 Corp. The company said the Drumheller activation adds to its on-site mining fleet and supports its stated goal of increasing holdings through self-mining rather than buying on secondary markets.
Eric Trump, co-founder and chief strategy officer, said, “Scaling hash rate is one of the ways we strengthen our position in Bitcoin. Bringing these miners online at Drumheller reflects exactly how we intend to lead: moving quickly, allocating capital with discipline, and growing our Bitcoin exposure efficiently at institutional scale.”
Matt Prusak, American Bitcoin president, added, “This deployment reflects our operating model in practice, turning execution and efficiency gains into lower-cost Bitcoin accumulation for shareholders.”
The deployment comes as U.S. lawmakers have proposed legislation to support domestic crypto mining, including a ‘Mined in America’ bill intended to boost the sector.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
