[DigitalToday reporter Yoonseo Lee (이윤서)] American Bitcoin (ABTC), a bitcoin (BTC) mining company backed by the Trump family, has finished bringing 11,298 ASICs (application-specific integrated circuits) online at its mining facility in Drumheller, Alberta, Canada.

Cointelegraph, a blockchain media outlet, reported on Tuesday that the expansion lifted the company’s total ASIC holdings to about 89,242 and expanded its bitcoin mining computing power to 28.1 exahash per second (EH/s).

The market reacted immediately. American Bitcoin shares rose about 11.7 percent on the day to about $1.38 a share, based on Yahoo Finance data. The equipment expansion appeared to be taken as a sign the company was strengthening its mining competitiveness despite weak results.

The announcement follows the company’s posting of a $59.5 million net loss for the fourth quarter of 2025. American Bitcoin cited a $227.1 million decline in the fair value of its bitcoin holdings as a reason for the loss. It said it was able to mine bitcoin at a 53 percent discount to spot market prices.

Profitability across the mining industry has continued to deteriorate. The industry has faced pressure since the April 2024 halving cut block rewards, while power costs rose and prices fell in a crypto bear market. Bitcoin slid to about $60,000 around February, when American Bitcoin submitted its fourth-quarter results to the U.S. Securities and Exchange Commission (SEC), marking a drop of more than 50 percent.

In this environment, listed miners have rapidly increased bitcoin sales. Major listed miners including MARA, CleanSpark, Riot, Cango, Core Scientific and Bitdeer sold a total of 32,000 BTC in the first quarter of 2026, according to data compiled by The Energy Mac. The total exceeded sales for all of 2025 and was above the previous record of 20,000 BTC in the second quarter of 2022.

American Bitcoin’s decision to keep expanding equipment even while running at a loss is seen as a move to defend profitability by focusing on mining efficiency and scale. The mining industry remains exposed at the same time to a structural decline in earnings after the halving, burdens from energy costs and price volatility. It will need continued confirmation whether further capacity expansion will translate into improved results.

The expansion shows American Bitcoin is increasing its mining facilities and computing power even immediately after posting a loss. It also highlights that, in an environment shaped by the halving, power costs and falling prices, miners’ equipment efficiency and management of their bitcoin holdings are determining factors for results.