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Eric Trump: American Bitcoin to Expand Institutional Bitcoin Investment
On April 27, American Bitcoin’s stock price rose by 13% after the company activated 11,298 mining machines at its facility in Drumheller this week. This expansion adds a capacity of 3.05 EH/s, bringing the total capacity to 28.1 EH/s. Eric Trump stated that the company is adopting a ‘rigorous’ capital allocation strategy aimed at expanding Bitcoin investment on an institutional scale.