Trump-linked American Bitcoin shares spike over 12% after announcing more mining power

The Trump family-linked mining and treasury company announced 11,298 additional bitcoin mining ASICs at its Drumheller site. What to know : American Bitcoin, a mining and treasury firm tied to Donald Trump's family, added nearly 11,300 new bitcoin mining rigs at its Drumheller, Alberta, site, sending its share price up about 12% to $1.38. The deployment boosts the company’s fleet to roughly 89,242 ASIC miners and adds 3.05 exahash per second of capacity at a high efficiency of 13.5 joules per terahash, which the firm says lowers electricity costs per coin. The expansion, framed by co-founder Eric Trump as disciplined, large-scale growth, comes as American Bitcoin doubles down on mining and grows its BTC treasury to 7,000 coins, even as some rivals shift resources toward artificial-intelligence data centers.(Coindesk)