Trump family-affiliated mining company American Bitcoin announces completion of deployment of approximately 11,298 ASIC miners
American Bitcoin, a mining company affiliated with the Trump family, announced the completion of the deployment of approximately 11,298 ASIC miners, increasing total hash rate to about 28.1 EH/s, a growth of about 12% compared to before; the total number of miners has increased to approximately 89,242, with new hash power of about 3.05 EH/s and overall energy efficiency of about 13.5 J/TH.
Currently, about 58,999 miners are operational, corresponding to a hash rate of about 25.0 EH/s and an average energy efficiency of about 14.1 J/TH; the company stated that this round of expansion will further enhance its Bitcoin accumulation capability and long-term competitiveness.
Source: Public information
ABAB AI Insight
This type of expansion focuses not on "how many more machines" but on the optimization of hash rate and energy efficiency. The range of 13–14 J/TH is already close to the current mainstream efficient mining machine level, indicating a relative optimal solution between electricity costs and hash rate output. In Bitcoin mining, long-term success depends on the cost of hash rate per unit, rather than short-term price fluctuations.
The increase in hash rate reflects the evolution of mining towards a "quasi-industrial capital industry." The entry barrier is no longer just technology, but also the ability to acquire electricity, financing capabilities, and the scale of equipment procurement. The scale of 28 EH/s brings it closer to infrastructure operators rather than early dispersed miners.
A deeper structural change is the continuous rise in hash rate concentration. As efficient equipment and low-cost energy concentrate among a few entities, the Bitcoin network, while decentralized at the protocol level, shows a trend of scale at the production level (hash rate). This structure of "protocol decentralization + production centralization" is an important practical foundation for the current Bitcoin security model.
Viewing mining as a "Bitcoin accumulation tool" means that companies are using capital expenditure to exchange for future potential asset stock. This is similar to the "exchanging capacity for reserves" in resource-based industries, with the implicit assumption that Bitcoin has value storage attributes in the long term. The expansion of mining companies essentially continues to bet on this assumption.