Updated: 22.04.2026
- American shares Bitcoin Eric Trump’s stock gained 12% on the back of increased BTC mining capacity.
- The company’s shares, under the ticker symbol ABTC, traded at $1,39 on Wednesday.
Bitcoin mining company American Bitcoin, co-founded by Eric Trump, said, which increased the overall hashrate by more than 12% in terms of its mining capacity. The company’s shares also rose more than 12% and traded at $1,39 amid news of BTC mining and the coin’s rising price.
American Bitcoin completed the launch of 11,298 Bitcoin-miners at its Drumheller site. The company’s mining fleet currently consists of 89,242 miners operating at a computing power of approximately 28,1 exahash per second (EH/s), following a performance increase of 3,05 EH/s, representing over 12% growth.
Increasing hashrate is one way to strengthen our position in the Bitcoin space. The launch of these miners in Drumheller perfectly reflects our leadership approach: moving quickly, allocating capital disciplinedly, and effectively growing Bitcoin ownership at an institutional scale,” said Eric Trump.
Last month, the Bitcoin mining and storage company increased its holdings to 7,000 BTC. Considering that Bitcoin rose almost 5% to $79,000, with American’s assets now Bitcoin are worth more than $550 million.
The crypto industry became a field where Donald Trump’s relatives demonstrated their natural talents with remarkable speed and success. Coincidentally, this coincided with the family patriarch’s second presidential term.
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