The Trump family's association with American Bitcoin (ABTC.US) has completed a large-scale mining machine power-up, and the total computing power has exceeded 28.1 EH/s.

On April 22, American Bitcoin Corp. (ABTC.US), a bitcoin mining giant supported by Eric Trump and other members of the Trump family, announced that after deploying and powering up 11,298 new ASIC miners at their Drumheller mine in Alberta, Canada, market sentiment remained active. This batch of new machines not only immediately contributed approximately 3.05 EH/s of incremental hashing power to the company, but also raised its total operational hashing power to a historic high of 28.1 EH/s. The genesis of this large-scale hashing power delivery can be traced back to early March 2026 when American Bitcoin announced the purchase of this batch of Antminer S21 series devices from Bitmain at a total price of around $27.7 million (approximately $2,450 per unit). It is worth noting that the company demonstrated high flexibility in financial processing by using a mixed payment method of cash and equity, reducing immediate cash flow pressure while further aligning the interests of hardware suppliers with the company's long-term benefits. These miners are renowned for their high energy efficiency of 13.5 joules per terahash, and with their full deployment, the overall average energy efficiency of American Bitcoin's mining fleet has been optimized to 16.0 J/TH, enabling it to maintain a cost advantage in an increasingly challenging mining environment. As the company's co-founder and chief strategic officer, Eric Trump emphasized the importance of "institutional scale" and "capital allocation discipline" in the latest statement. He stated that the expansion of the Drumheller mine is a crucial step for the company to solidify its leadership position in the bitcoin field, aiming to execute a resolute long-term bitcoin holding strategy through an efficient hashing cluster controlled by American capital. Unlike some mining companies that need to sell bitcoins to cover operational costs, American Bitcoin's current financial strategy leans towards retaining the bitcoins it produces as long-term core assets, building a digital asset reserve supported by physical hashing power through efficient and low-cost mining production. From a financial operation perspective, American Bitcoin's performance in the first quarter of 2026 foreshadows the strategic value of this expansion. Data previously disclosed by the company showed that, benefiting from Alberta's highly competitive electricity costs, its mining cash costs have long maintained a discount of over 50% compared to the spot market price of bitcoin. Prior to the announcement of the powering up, the company's senior executives and board members had intensively increased their holdings by millions of shares of company stock in early April at average prices ranging from $1.10 to $1.25, a move later interpreted by the market as a strong endorsement from management of achieving the 28.1 EH/s hashing power target and the subsequent increase in profitability.