Crypto
Trump-backed American Bitcoin presses ahead with mining expansion despite wider losses
Trump-backed bitcoin miner American Bitcoin (ABTC) has completed the rollout of 11,298 ASIC machines at its Drumheller facility in Alberta, Canada. The expansion raises its total ASIC holdings to about 89,242 and boosts computing power to 28.1 exahash per second. The company recently posted a $59.5 million net loss for 2025\'s fourth quarter. Its shares rose about 11.7 percent to around $1.38.
