TL;DR
- Bitdeer will stop selling rigs to focus on self-mining, responding to low profitability and tariff uncertainty in the U.S.
- It will take advantage of a 90-day tariff pause to ship equipment from Asia and will begin manufacturing rigs in the U.S. in the second half of the year.
- The company plans to increase its global capacity from 900 MW to 2.6 GW by 2026, with centers prepared for AI and high-performance computing in Texas, Ohio, Bhutan, and Norway.
Bitdeer Technologies announced it will prioritize its own mining operations in response to the global decline in mining rig demand. The company will shift its focus away from rig sales to use the machines directly for Bitcoin mining. This change addresses the challenging conditions the industry is facing, marked by reduced mining profitability after the latest halving and growing uncertainty around U.S. trade policy.
The Singapore-based company will take advantage of the 90-day tariff pause announced on April 10 to move equipment from Southeast Asia to operational centers in the U.S. At the same time, it will begin local rig manufacturing during the second half of the year.
Risk Reduction and New Revenue Streams
The plan aims to reduce exposure to supply chain disruptions and diversify production sources. Although chips sourced from Taiwan remain exempt from tariffs, Bitdeer is already preparing for potential cost increases and adjusting its forecasts accordingly.
Bitdeer operates data centers in Texas and Ohio, with the ability to handle computing tasks beyond mining. The company will also relocate part of its equipment to its facilities in Bhutan and Norway after some clients delayed the delivery of pre-ordered machines. This strategy allows the company to maintain operations without depending on third-party hardware sales.
Bitdeer to Nearly Triple Its Computing Power by 2026
In addition, Bitdeer is expanding into new markets such as Canada and Ethiopia. The plan includes a global capacity expansion from the current 900 megawatts to 2.6 gigawatts by 2026. The infrastructure will also support new high-intensity computing demands such as artificial intelligence and high-performance computing.
Founded in 2020 by Jihan Wu, who also co-founded Bitmain, Bitdeer remains one of the top companies in computing power within the sector. Its current strategy focuses on maximizing internal use of its resources and reducing its exposure to the sales market, affected by the drop in hashprice and trade barriers.
