American Bitcoin Corp. (NASDAQ:ABTC), co-founded by Eric Trump, saw its shares rise about 10% in a single session on Wednesday after expanding its mining capacity and benefiting from a broader increase in Bitcoin (CRYPTO: BTC) prices.
Mining Expansion Boosts Capacity
American Bitcoin said it has activated approximately 11,298 additional mining machines at its Drumheller facility, adding about 3.05 exahashes per second (EH/s) of computing power at an efficiency of roughly 13.5 joules per terahash (J/TH).
The deployment completes …