Eric Trump’s American Bitcoin buys 11,298 ASIC miners, increasing mining capacity by 12%
Analysis
Price Impact
LowWhile the purchase of 11,298 asic miners by eric trump's american bitcoin represents a 12% increase in their mining capacity, it only adds approximately 0.3% to the global hashrate. this incremental addition is unlikely to have a significant immediate impact on the overall bitcoin price.
Trustworthiness
MedThe news comes from a reputable financial news source (coindesk) and involves a publicly known figure. however, the financial performance and long-term strategy of american bitcoin are not as established as larger, publicly traded mining companies, introducing some uncertainty.
Price Direction
NeutralThe news of increased mining capacity is generally a slight positive for network security and decentralization, which are long-term bullish factors. however, the timing, the relatively small percentage of global hashrate added, and the current market sentiment (indicated by the stock price drop of abtc) suggest a neutral short-term outlook.
Time Effect
LongThe full impact of this increased hashrate will be felt over the long term as these miners contribute to the network's security and potentially influence mining difficulty adjustments.
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Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Eric Trump’s American Bitcoin buys 11,298 ASIC miners, increasing mining capacity by 12% The move stands in stark contrast to the company's peers, many of whom are moving away from or totally abandoning the business of bitcoin mining. By Olivier Acuna | Edited by Stephen Alpher Mar 3, 2026, 5:18 p.m. Make us preferred on Google American Bitcoin announces the purchase of 11,298 mining rigs, increasing its fleet by 12%. (Credit: CoinDesk) What to know : American Bitcoin (ABTC), backed by the Trump family, is expanding its bitcoin mining operations even as many public miners pivot capital and infrastructure toward AI. The company is buying 11,298 ASIC miners for deployment in March 2026 at its Drumheller, Alberta site, a move expected to boost its capacity by about 12% and add 3.05 EH/s, or roughly 0.3% of global hashrate. As many publicly traded bitcoin miners shift their business plans and capital into AI infrastructure, the Trump family-backed American Bitcoin (ABTC) is doubling down on BTC mining. The company announced Tuesday the purchase of 11,298 ASIC miners, a move that it said will increase its mining capacity by approximately 12%. Read more: End of bitcoin 'HODL': public miners going all-in on AI, signaling more BTC selling The miners are scheduled for delivery and deployment in March 2026 at its Drumheller site, located in Alberta, Canada. Based on current network data , the added 3.05 EH/s would account for about 0.3% of global hashrate. That share could produce roughly 42 bitcoin per month, or about 515 bitcoin per year. At a bitcoin price near $68,000, that equals around $2.9 million in monthly gross revenue and about $35 million annually, before power costs, fees and difficulty changes. “As bitcoin matures, the priority is clear: grow an American-owned, professionally operated hashrate,” said Eric Trump, co-founder and chief strategy officer at American Bitcoin. “That’s how we protect the network, drive innovation, and lead the future of bitcoin in America.” ABTC shares are lower by 2.6% to $0.99 in Tuesday trading. Eric Trump Bitcoin Mining More For You Pudgy Penguins: Challenging the Pokemon and Disney Legacy in the Global IP Race By CoinDesk Research Feb 27, 2026 Commissioned by Pudgy Penguins CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events. What to know : Disrupting a Stagnant Market : Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product. View Full Report More For You Bank of Japan expands blockchain settlement sandbox and says CBDC efforts are ongoing By Olivier Acuna | Edited by Oliver Knight 9 minutes ago The BOJ is testing blockchain settlement for reserves and exploring tokenized central bank money as it prepares to decide in 2026 whether to issue a retail digital yen. What to know : The Bank of Japan has launched a blockchain-based sandbox project to test settlements using central bank reserves held as current account deposits. The project will explore how blockchain systems can connect with existing infrastructure for use cases such as domestic interbank and securities settlement, which analysts say could enable instant, round-the-clock transactions and reduce gridlock risk. Governor Kazuo Ueda said the BOJ's retail central bank digital currency pilot remains underway, while Japan also participates in Project Agorá to test tokenized wholesale central bank deposits for more efficient cross-border payments. Read full story Latest Crypto News Bank of Japan expands blockchain settlement sandbox and says CBDC efforts are ongoing 9 minutes ago Bitcoin attempting to make a stand as global stock markets melt down on Iran war 1 hour ago End of bitcoin 'HODL': public miners going all-in on AI, signaling more BTC selling 1 hour ago CFTC chief Selig to clear path for U.S. perpetual futures in coming weeks 1 hour ago Here is why Harvard trimmed bitcoin and bought ether and why the move is bullish for crypto 1 hour ago CoinDesk 20 performance update: AAVE plunges 10%, leading index lower 3 hours ago Top Stories Dollar surge pressures crypto markets after escalation in Iran conflict 5 hours ago ‘Scam token’ case against Uniswap dismissed by U.S. district judge in NYC 6 hours ago Bitcoin supply approaching 20 million: The final million will take another 114 years to mine 8 hours ago Core Scientific sells $175 million in bitcoin as AI pivot accelerates 8 hours ago Japan prime minister Sanae Takaichi disavows Solana meme coin after it crashes by 75% 6 hours ago Weekend warriors: How HyperLiquid became retail’s bear market playground Mar 2, 2026