Trump-Linked Miner ABTC Boosts Hash Power as Stock Jumps Despite Losses

American Bitcoin (ABTC) has expanded its mining operations in Alberta, bringing more than 11,000 additional application-specific integrated circuit (ASIC) units online at its Drumheller facility. The company, co-founded by the sons of US President Donald Trump, now operates a fleet of roughly 89,242 units following earlier hardware purchases

The additional rigs add approximately 3.05 EH/s of computing power, pushing the company’s overall hashrate to about 28.1 EH/s. Across its fleet, the firm reports an average efficiency of 16.0 J/TH, while the newly deployed machines operate at roughly 13.5 J/TH.

Related: Aussie Broker Says Surging Crypto Adoption Will See Crypto-Backed Mortgages Happen

ABTC Scales Despite Pressure

The deployment marks the completion of a previously announced fleet expansion and highlights the company’s ongoing strategy of increasing operational scale. Management has pointed to hashrate growth as a key mechanism for strengthening its Bitcoin position and improving accumulation efficiency.

Investor response was immediate, with ABTC shares climbing about 11.7% to US$1.38 (AU$1.93) following the update.

However, the company continues to face financial strain. It recorded a loss of US$59.5 million (AU$83.3 million) in the fourth quarter of 2025 amid a difficult operating environment for miners. Industry-wide pressures include declining Bitcoin prices, higher energy costs, and reduced rewards after the 2024 halving event.
Related: Bitcoin Pullback Sparks $260M Liquidations as Geopolitical Tensions Rattle Markets

The post Trump-Linked Miner ABTC Boosts Hash Power as Stock Jumps Despite Losses appeared first on Crypto News Australia.