On April 22, US Bitcoin, a mining company backed by Eric Trump, added 11,298 application-specific integrated circuit (ASIC) miners. The new addition took place at the Drumheller location in Alberta, Canada.
The addition of the new Bitcoin [BTC] mining platforms contributed 3.05 exahash per second (EH/s). This move has now brought the fleet of Eric Trump’s Bitcoin mining company to 89,242 miners at a rate of 28.1 EH/s.
Although the current operational fleet had an efficiency of 13.5 joules per terahash (J/TH). However, the average has reached 16.0 J/TH, reinforcing the company’s vision of a cheaper Bitcoin accumulator.
This in turn also increased the US Bitcoin miner’s total hashrate by over 12%.
“Strengthen our Bitcoin position”
Eric Trump, co-founder and chief strategy officer at American Bitcoin, in a press releasenoted,
Scaling hashrate is one of the ways we strengthen our position in Bitcoin. Bringing these miners online at Drumheller reflects exactly how we want to lead: move quickly, allocate capital with discipline, and efficiently grow our Bitcoin exposure at an institutional scale.
On March 3, it was announced that the energy supply of the Drumheller site marks the ‘operational completion of a fleet expansion’. This strongly suggests that the US Bitcoin company is choosing to continue focusing on BTC mining amid the AI frenzy.
Reward Analysis for Bitcoin Miners
The measure also had a positive impact on the ABTC share price, which rose by 8.06% to trade at $1.34 at the time of writing.
Similarly, the company’s BTC reached 7,000 BTC, worth $543.95 million, pushing US Bitcoin to the 16th position among the top 100 public BTC treasury companies.
This coincided with Bitcoin miners entering a capitulation phase, as confirmed by CryptoQuant’s graph of daily miner revenue and network hashrate.
By 2026, Bitcoin miner revenues had fallen to $32 million, while the hashrate changed hands at 882.99 EH/s. So revenues from both hashrate and miners fell at the same time.
In such cases, the smaller and least efficient operators begin to close, causing the hashrate to drop along with revenue.
However, this can often be a short-term stress, further signaling the start of the recovery rally once the intense competition has faded away.
Final summary
- 11,298 new mining rigs were added by American Bitcoin at the Drumheller site in Alberta, Canada.
- The company’s stock price rose 8% as a result of the addition, and average efficiency rose to 16.0 J/TH.