Eric Trump’s American Bitcoin buys 11,298 ASIC miners, increasing mining capacity by 12%
The move stands in stark contrast to the company's peers, many of whom are moving away from or totally abandoning the business of bitcoin mining.
By Olivier Acuna|Edited by Stephen Alpher Mar 3, 2026, 5:18 p.m.
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What to know:
- American Bitcoin (ABTC), backed by the Trump family, is expanding its bitcoin mining operations even as many public miners pivot capital and infrastructure toward AI.
- The company is buying 11,298 ASIC miners for deployment in March 2026 at its Drumheller, Alberta site, a move expected to boost its capacity by about 12% and add 3.05 EH/s, or roughly 0.3% of global hashrate.
As many publicly traded bitcoin miners shift their business plans and capital into AI infrastructure, the Trump family-backed American Bitcoin (ABTC) is doubling down on BTC mining.
The company announced Tuesday the purchase of 11,298 ASIC miners, a move that it said will increase its mining capacity by approximately 12%.
Read more: End of bitcoin 'HODL': public miners going all-in on AI, signaling more BTC selling
The miners are scheduled for delivery and deployment in March 2026 at its Drumheller site, located in Alberta, Canada.
Based on current network data, the added 3.05 EH/s would account for about 0.3% of global hashrate. That share could produce roughly 42 bitcoin per month, or about 515 bitcoin per year. At a bitcoin price near $68,000, that equals around $2.9 million in monthly gross revenue and about $35 million annually, before power costs, fees and difficulty changes.
“As bitcoin matures, the priority is clear: grow an American-owned, professionally operated hashrate,” said Eric Trump, co-founder and chief strategy officer at American Bitcoin. “That’s how we protect the network, drive innovation, and lead the future of bitcoin in America.”
ABTC shares are lower by 2.6% to $0.99 in Tuesday trading.
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