American Bitcoin expands Alberta operations with 11,298 ASIC miners adding 3.05 EH/s

On Tuesday, Trump family-backed American Bitcoin announced the purchase of 11,298 new ASIC mining machines for deployment at its Drumheller, Alberta facility, adding about 3.05 EH/s of capacity and lifting its fleet to 89,242 miners and roughly 28.1 EH/s. The company, which holds more than 6,000 BTC and reported a $59 million net loss in the fourth quarter driven by a $227 million non-cash mark-to-market charge, is deepening its Bitcoin-focused strategy despite share price weakness and ongoing market volatility.