Eric Trump's American Bitcoin Expands Mining By 12% But ABTC Plunges 7% - American Bitcoin (NASDAQ:ABTC)

Trump Family-backed American Bitcoin (ABTC) expands mining fleet 12% as rivals pivot toward AI

The firm, in which Eric Trump is a co-founder and CSO, adds 3.05 EH/s in new hardware, positioning itself against miners shifting capital into AI infrastructure.

Eric Trump's American Bitcoin Expands Mining By 12% But ABTC Plunges 7% - American Bitcoin (NASDAQ:ABTC)

American Bitcoin (NASDAQ:ABTC) purchased 11,298 ASIC miners adding 3.05 exahash per second to expand owned capacity by 12% to 28.1 EH/s, but the stock plunged 7%, breaking below the critical $1 psychological level. The 12% Capacity Expansion The new machines are more efficient at 13.5 joules per terahash compared to the fleet average of 16 J/TH. Lower joule ratings mean less electricity cost per Bitcoin mined.  The equipment will be deployed in …

Eric Trump's American Bitcoin Expands Hashrate, Deepens BTC Bet

The Eric Trump-led company adds 3 EH/s in new capacity, expanding its Alberta mining fleet as it deepens exposure to BTC amid volatile market conditions.