American Bitcoin (ABTC.US) announced on Thursday that it has achieved approximately 14 EH/s of computing power through the purchase and activation of roughly 16,300 ASIC servers. This expansion brings the company's total computing power from approximately 10 EH/s to approximately 24 EH/s, with an average power efficiency of 16.4 J/TH as of September 1, 2025.

American Bitcoin is a Bitcoin mining company co-founded by Eric Trump and Donald Trump Jr., sons of U.S. President Donald Trump. During Wednesday's early trading session, the company's stock price surged as much as 100% before closing up 16.5%. This marked American Bitcoin's first trading day following its public listing through a reverse merger with Gryphon Digital Mining.

"We are rapidly implementing a differentiated dual strategy to enhance Bitcoin value per share," said Asher Genoot, Executive Chairman of American Bitcoin. "In the second quarter of 2025, our cost per Bitcoin mined was approximately 50% of our Bitcoin revenue per coin."

The newly acquired mining equipment has been deployed at Hut 8's (HUT.US) 205 MW Vega data center, which Hut 8 developed and operates. Hut 8, an integrated energy infrastructure platform, serves as American Bitcoin's exclusive infrastructure provider.

During his campaign, Trump emerged as a prominent cryptocurrency advocate and became the industry's most influential promoter during his presidency. He signed legislation to advance the legalization of specific cryptocurrencies, established national virtual asset reserves, appointed industry-friendly regulatory officials, and halted investigations into several major digital asset companies.

Trump's cryptocurrency ventures have generated substantial wealth for him, though these businesses have also benefited from policy changes during his presidency, drawing criticism as a result.