Finance
What to know:
- In a dazzling display of indulgence, American Bitcoin (ABTC), with the Trump family as its proud patrons, is expanding its silicon kingdom even as the grandmothers of public miners scatter their fortunes towards the seductive promise of artificial intelligence.
- With a motto that could have been lifted from a melodramatic play-“Let the mining commence!”-the company has purchased a staggering 11,298 ASIC miners that will arrive in March 2026 at the Drumheller, Alberta site, a move expected to inflate its capacity by a courteous 12% and add 3.05 EH/s, roughly 0.3% of the global hashrate.
While market pundits are trading in stardust and AI chips, the Trump family‑backed American Bitcoin (ABTC) appears to have mistaken themselves for a fortune‑telling oracle that refuses to turn on its gaze.
During a seemingly ordinary Tuesday, the company announced its acquisition of 11,298 ASIC miners, a gesture that promises to lift mining capacity by an elegant 12%.
These leviathans of fortune will arrive on the horizon of March 2026, destined to march onto the Drumheller sands of Alberta, Canada, where their electric breath will scorch the world of Bitcoin.
By the reckoning of present calculations, the added 3.05 EH/s would account for a teeny‑tiny 0.3% of the global hashrate, which might cunningly yield around 42 Bitcoins per month-roughly 515 per annum. At a price near $68,000 per coin, that cold, calculating sum translates to approximately $2.9 million per month, and $35 million annually, before the usual indulgences of power bills, fees, and changes in difficulty creep in.
“As Bitcoin matures,” declared Eric Trump, the co‑founder and chief strategy officer at American Bitcoin, “the priority is clear: to grow an American‑owned, professionally operated hashrate. That is how we protect the network, drive innovation, and lead the future of Bitcoin in America.”
Meanwhile, ABTC’s shares have dipped a modest 2.6% to $0.99 in Tuesday trading-a slight blush on a rosy countenance.
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2026-03-03 20:35