American Bitcoin Stock Jumps 12% After Deploying 11,298 New Mining Machines
American Bitcoin Stock Jumps 12% After Deploying 11,298 New Mining Machines
American Bitcoin deployed 11,298 new ASIC miners at its Drumheller facility, adding 3.05 exahash per second of capacity and pushing total hashrate to 28.1 EH/s.The stock jumped approximately 12% to $1.38 on the news, extending a broader recovery as Bitcoin prices climbed.The expansion reinforces American Bitcoin’s decision to double down on Bitcoin mining while many rivals pivot capital toward AI data centers.