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American Bitcoin Expands Mining Fleet with 11,298 New ASIC Units

American Bitcoin Expands Mining Fleet with 11,298 New ASIC Units

According to the company’s announcement, the newly purchased machines will be deployed at the Drumheller facility, increasing the firm’s mining fleet to about 89,242 rigs and raising total computing capacity to roughly 28.1 EH/s.

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Fact Check
The statement that American Bitcoin expanded its mining fleet by adding 11,298 new ASIC units is strongly supported by the official PRNewswire press release issued directly by American Bitcoin Corp. This release explicitly details the purchase and planned deployment of 11,298 ASICs, describing it as an increase in mining capacity by approximately 12 exahash. The PRNewswire source is authoritative, directly attributable to the company, and serves as a verified primary announcement. Supplemental communications found on corporate social media channels reaffirm the company’s expansion narrative, consistent with the press release. Other secondary reports on crypto industry sites mention additional ASIC acquisitions by American Bitcoin, though some refer to larger numbers from subsequent pledges, not contradicting but extending the original claim. Overall, there is no substantive contradictory evidence or ambiguity—only supportive or contextual reinforcement. Given the directness and authority of the primary source, the claim is highly credible and likely true.
Summary

American Bitcoin (ABTC), a crypto mining company backed by the Trump family, announced in an official statement the purchase of 11,298 new ASIC mining machines. The equipment will be installed at the company’s Drumheller facility, bringing its total fleet to approximately 89,242 rigs and lifting its total mining capacity to around 28.1 EH/s. Previously disclosed estimates indicated the expansion would add about 3.05 EH/s—roughly 0.3% of global network hashrate—potentially producing around 42 bitcoin per month, or about 515 annually under prevailing network conditions. At a bitcoin price near $68,000, that output corresponds to an estimated $2.9 million in monthly gross revenue and about $35 million per year before operational costs and network difficulty changes. The expansion reinforces ABTC’s strategy of focusing on bitcoin mining while several public mining firms increasingly pivot toward artificial intelligence infrastructure.

Terms & Concepts
  • ASIC miner: An Application-Specific Integrated Circuit device purpose-built for efficiently performing the cryptographic computations required in bitcoin mining.
  • hashrate: The total computational power used to mine and process transactions on a blockchain network, typically measured in hashes per second.
  • EH/s (exahash per second): A unit of measurement equal to one quintillion (10^18) hash calculations per second, commonly used to quantify large-scale bitcoin mining capacity.