American Bitcoin Doubles Hashing Power to 24 EH/s with 16,300 ASIC Servers

American Bitcoin, a cryptocurrency mining company co-founded by Donald Trump's sons, Eric and Donald Trump Jr., has announced a significant increase in its hashing power. The company revealed that it has acquired and activated approximately 16,300 ASIC servers, boosting its hashing power to around 14 EH/s. This addition has elevated the company's total hashing power from approximately 10 EH/s to around 24 EH/s. The average power efficiency of the company's operations, as of September 1, 2025, stands at 16.4 J/TH.

The newly acquired mining rigs have been deployed at the 205 MW Vega data center, developed and operated by Hut 8. Hut 8 serves as a comprehensive energy infrastructure platform and is the exclusive infrastructure supplier for American Bitcoin.

Asher Genoot, the executive chairman of American Bitcoin, commented on the strategic move, stating, "We are rapidly implementing a differentiated dual strategy to enhance the value per share of Bitcoin. By the second quarter of 2025, the cost of mining each Bitcoin will be approximately 50% of the revenue generated from each Bitcoin mined."

Donald Trump, during his presidential campaign, emerged as a prominent supporter of cryptocurrencies. His administration played a pivotal role in advancing the industry, signing legislation to legalize specific cryptocurrencies, establishing a national virtual asset reserve, appointing regulatory officials more favorable to the industry, and halting investigations into several major digital asset companies. Trump's involvement in the cryptocurrency sector has contributed to his substantial wealth, although it has also drawn criticism due to the policy shifts during his tenure.