- American Bitcoin added over 11,000 miners, boosting total capacity to 28.1 EH/s
- Company BTC holdings reached around 7,000 BTC, worth over $540 million
- Expansion comes during a mining downturn, hinting at long-term positioning
American Bitcoin, the mining firm backed by Eric Trump, just made a pretty aggressive move. On April 22, the company added over 11,000 ASIC miners at its Drumheller facility in Alberta, Canada, pushing its operations to a new level. It’s not a small upgrade either, this batch alone contributed about 3.05 exahash per second, bringing the total fleet to more than 89,000 machines.
That translates to roughly 28.1 EH/s in total capacity, which is… quite substantial when you step back and think about it. Efficiency-wise, the fleet is running at around 13.5 J/TH operationally, though the average sits closer to 16.0 J/TH. Not perfect, but clearly aligned with their goal of building a lower-cost Bitcoin accumulation machine.
A Clear Push to Scale Bitcoin Exposure
From the company’s perspective, this isn’t just about hardware, it’s about positioning. Eric Trump, who serves as co-founder and chief strategy officer, made it pretty clear that scaling hashrate is central to their strategy. The idea is simple, grow fast, allocate capital carefully, and keep increasing exposure to Bitcoin in a way that makes sense at scale.
The Drumheller expansion, first announced back in early March, now looks like a completed step in that plan. And interestingly, while a lot of tech companies are pivoting toward AI infrastructure, American Bitcoin seems to be sticking firmly with mining. No distractions, just doubling down on BTC.
Market Reaction and Growing BTC Holdings
The market didn’t ignore the move either. Shares tied to the company jumped over 8%, climbing to around $1.34 at the time of writing. That kind of reaction suggests investors are at least somewhat confident in the direction, or maybe just reacting to the scale of the expansion.
At the same time, the firm’s Bitcoin holdings have grown to around 7,000 BTC, valued at over $540 million. That pushes them into the top tier of public companies holding Bitcoin, sitting around 16th place globally. Not quite at the top, but definitely in the conversation now.
Mining Industry Still Under Pressure
What makes this expansion more interesting is the timing. The broader mining industry has been going through a bit of a rough patch lately. Data shows that miner revenue has dropped significantly, sitting near $32 million in 2026, while network hashrate has also seen some fluctuations.
Usually, when both revenue and hashrate decline at the same time, it signals stress across the sector. Smaller or less efficient miners tend to shut down first, unable to keep up with rising costs and shrinking margins. It’s a kind of natural filtering process, not pleasant, but common.
A Setup That Could Shift Over Time
That said, these phases don’t always last. When weaker players exit, competition eases, and the remaining operators often benefit from better conditions. It’s not immediate, but historically, these periods have sometimes led into recovery phases, even rallies.
So while things might look tough right now, moves like this, scaling up during a downturn, suggest that some players are positioning for what comes next, not just reacting to what’s happening now.
