PANews reported on April 16 that according to Bloomberg, Bitdeer, headquartered in Singapore, will focus on mining Bitcoin using its own mining equipment instead of selling it to other miners due to weak demand for Bitcoin mining devices. Jeff LaBerge, the company's head of capital markets and strategic planning, revealed that Bitdeer Technologies Group is doubling down on its self-mining business while advancing plans to manufacture equipment in the United States to address the cooling cryptocurrency market and increasing uncertainty in US trade policies. Additionally, Bitdeer plans to use the 90-day tariff suspension announced by Trump on April 10 to transport equipment from Southeast Asia to the United States. However, some customers have delayed equipment delivery, and in such cases, the company has redirected its equipment to its own sites outside the United States—specifically in Bhutan and Norway.
Although specialized chips used for manufacturing mining equipment (from TSMC in Taiwan) are currently exempt from Trump's tariffs, Bitdeer is preparing for potential cost increases. According to a recent investor presentation, Bitdeer currently has approximately 900 megawatts of mining capacity globally and plans to expand it to 2.6 gigawatts by 2026. The company is also expanding its global business footprint, entering new markets like Canada and Ethiopia, while advancing its strategic transformation towards artificial intelligence and high-performance computing. Bitdeer operates data centers in Texas and Ohio—some exceeding 500 megawatts—which are considered suitable for AI workloads.
