American Bitcoin Adds 11,298 Mining Rigs at Drumheller
American Bitcoin, co-founded by Eric Trump, deployed 11,298 ASICs to its Drumheller site. The company was formed in March 2025 when Hut 8 separated its Bitcoin mining division.
Key Takeaway
Trump family mining expansion adds 3.05 exahash amid ethics questions over crypto policy conflicts.
American Bitcoin added 11,298 ASICs to its hardware deployment at the Drumheller site. The new machines will add 3.05 exahash per second of mining power once operational.
The company was formed in March 2025 when Hut 8 separated its Bitcoin mining division to create a new entity with Eric Trump as co-founder and chief strategy officer. Donald Trump Jr. serves as an investor.
American Bitcoin merged with Gryphon Digital Mining before making its Nasdaq debut on September 3, 2025. Eric Trump said the listing marked a historic milestone in bringing Bitcoin into the core of U.S. capital markets.
The company's Bitcoin holdings rank among the largest for public companies, though they remain smaller than Hut 8's. American Bitcoin also completed a merger with American Data Centers in 2025.
House Judiciary Committee Democrats released a November 25, 2025 report finding that Trump's cryptocurrency policies benefited his family. Rep. Jamie Raskin said the policies added billions to their net worth through schemes entangled with foreign governments and corporate allies.
This article was written based on reporting from CryptoPotato.
