Trump-linked American Bitcoin's shares rise by over 12% after deploying nearly 11,300 more rigs
CoinDesk
American Bitcoin shares surged over 12% after the firm deployed nearly 11,300 new mining rigs at its facility in Drumheller, Alberta.Summary
American Bitcoin, a firm linked to the family of Donald Trump, saw its share price jump 12% to $1.38 after deploying 11,298 new bitcoin mining rigs at its Drumheller, Alberta site. This expansion increases the company's fleet to 89,242 ASIC miners and adds 3.05 exahash per second of capacity. The new equipment operates at an efficiency of 13.5 joules per terahash, which the company states reduces electricity costs per coin and strengthens its competitive position. While some competitors are shifting toward artificial intelligence, the company continues to focus on large-scale bitcoin mining and has grown its treasury to 7,000 BTC.
(Source：CoinDesk)