Trump-linked American Bitcoin shares spike over 12% after announcing more mining power
CoinDesk·3h ago·Positive
What Happened
American Bitcoin, a mining firm linked to President Trump's family, added nearly 11,300 bitcoin mining rigs at its Alberta facility Wednesday. The expansion boosted its ASIC fleet to approximately 89,242 units, increasing computational power by 3.05 exahash per second. The announcement drove the company's share price up 12% to $1.38, reflecting investor confidence in its mining operations expansion.
Key Entities
American Bitcoin (ABTC)Donald TrumpEric TrumpDrumheller, AlbertaBitcoin miningASIC miners3.05 exahash per second