Trump Family-backed American Bitcoin (ABTC) expands mining fleet 12% as rivals pivot toward AI
American Bitcoin, backed by the Trump family, is increasing its mining capacity by 12% by purchasing 11,298 new ASIC miners.Summary
American Bitcoin (ABTC), which is backed by the Trump family, announced the purchase of 11,298 ASIC miners, which will boost its mining capacity by about 12%. This move contrasts sharply with many publicly traded competitors who are shifting capital away from Bitcoin mining toward AI infrastructure.
The new miners are scheduled for deployment in March 2026 at the company's Drumheller site in Alberta, Canada. The addition of 3.05 EH/s is expected to account for roughly 0.3% of the global hashrate, potentially yielding about 42 bitcoin monthly, or $2.9 million in gross monthly revenue at current prices.
Eric Trump, co-founder and chief strategy officer, stated that the priority is to grow an American-owned, professionally operated hashrate to protect the network and lead Bitcoin's future in America. Despite this expansion, ABTC shares were down 2.6% in Tuesday trading.
(Source：CoinDesk)