American Bitcoin Corp, backed by the Trump family, has activated 11,298 Bitcoin mining machines at its Drumheller facility in Alberta, Canada. This expansion adds 3.05 EH/s to its mining capacity, bringing the company's total self-mining capacity to 28.1 EH/s with a total of 89,242 machines. Following this announcement, the company's stock surged over 13% in a day and has risen 49% over the past month. Eric Trump stated that the company aims to increase its Bitcoin exposure by expanding its mining capacity. The company currently holds over 7,000 BTC, valued at approximately $552 million.
American Bitcoin Corp Boosts Mining Capacity with New Canadian Facility
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