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▲ Bitcoin (BTC), Cryptocurrency Mining/ChatGPT Generated Image
American Bitcoin, a US-listed mining company, has captured significant market attention as its stock price surged following the announcement of the activation of over 11,000 new mining machines.
According to Decrypt's report on April 22 (local time), American Bitcoin Corp (ABTC) has completed the installation of approximately 11,298 Bitcoin (BTC) mining machines at its Drumheller facility in Alberta, Canada. This activation added 3.05 EH/s to the company's self-mining hashrate, increasing its total owned capacity to 28.1 EH/s. The company, reportedly backed by the Donald Trump family, saw its stock price surge over 13% in Wednesday morning trading, reaching $1.41 immediately after the announcement.
This expansion is the result of American Bitcoin completing its plan announced on March 3. The company currently operates a total of 89,242 machines, achieving efficiency that surpasses the industry average. Eric Trump, Chief Strategy Officer of American Bitcoin, emphasized, "Hashrate expansion is a key way to strengthen our position within the Bitcoin market." He added that the activation of mining machines at the Drumheller facility demonstrates the company's leadership, which aims for rapid capital allocation and efficient growth.
American Bitcoin adheres to a strategy of accumulating Bitcoin at a lower cost than the market price through mining. The company stated that it mined Bitcoin at a 53% discount to the spot price in Q4 2025. Through this low-cost mining model, American Bitcoin currently holds over 7,000 BTC, valued at approximately $552 million. Matt Prusak, President of American Bitcoin, explained, "This deployment demonstrates how execution and efficiency improvements lead to low-cost Bitcoin accumulation for shareholders."
The stock price has also shown a strong recovery, surging 49% in the past month. After hitting a low of $0.77 on March 30, investor sentiment improved, leading to a steep upward trend. Legislative support movements, such as the 'Mined in America' bill to encourage mining within the US, recently proposed in the US Senate, are also positively impacting the company's value. American Bitcoin is solidifying its position not just as a mining company, but as a platform for building Bitcoin infrastructure in the United States.
Industry experts predict that American Bitcoin's aggressive capital investment will create significant synergy during future Bitcoin recovery periods. Securing an efficient hashrate is a key competitive advantage that ensures stable profitability even amidst increasing mining difficulty. With the symbolic backing of the Trump family and tangible improvements in technical indicators, American Bitcoin is rapidly emerging as a leader in the virtual asset mining market.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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