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Crypto Prune > Mining > Eric Trump’s American Bitcoin buys 11,298 ASIC miners, increasing mining capacity by 12%
Mining

Eric Trump’s American Bitcoin buys 11,298 ASIC miners, increasing mining capacity by 12%

4 hours ago 1 Min Read

Trump family-backed American Bitcoin (ABTC) is doubling down on its profits as many publicly traded Bitcoin miners shift their business plans and funding to AI infrastructure. $BTC mining.

The company announced on Tuesday the acquisition of 11,298 ASIC miners, increasing its mining capacity by approximately 12%.

Read more: The end of Bitcoin “HODL”: Public miners go all-in on AI and send out further signals $BTC sale

The miner is scheduled to be delivered and deployed at the Drumheller site in Alberta, Canada, in March 2026.

Based on current network data, the added 3.05 EH/s would account for approximately 0.3% of the global hash rate. This share could generate approximately 42 Bitcoins per month, or approximately 515 Bitcoins per year. At a Bitcoin price of nearly $68,000, total monthly revenue before power costs, fees, and difficulty changes is approximately $2.9 million, or approximately $35 million annually.

“As Bitcoin matures, our priority is clear: grow our American-owned and professionally managed hashrate,” said Eric Trump, co-founder and chief strategy officer of American Bitcoin. “That’s how we secure the network, drive innovation, and lead the future of Bitcoin in America.”

ABTC stock fell 2.6% to $0.99 in Tuesday trading.

See also  Trump-linked Dominali Holdings establishes a Crypto Advisory Committee
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