PANews reported on April 16 that due to weak demand for Bitcoin mining equipment, Singapore-based Bitdeer will focus on using its mining equipment to mine Bitcoin itself rather than selling it to other miners, according to Bloomberg. According to Jeff LaBerge, the company's head of capital markets and strategic initiatives, Bitdeer Technologies Group is doubling down on its own mining business while advancing plans to manufacture equipment in the United States in response to the cooling of the cryptocurrency market and the increasing uncertainty of US trade policy. In addition, Bitdeer plans to take advantage of the 90-day tariff suspension announced by Trump on April 10 to ship equipment from Southeast Asia to the United States. But some customers have delayed the delivery of pre-ordered equipment, in which case the company has turned the equipment to its own sites outside the United States - specifically in Bhutan and Norway.
While the specialized chips used to make mining equipment (from Taiwan's TSMC) are currently exempt from Trump's tariffs, Bitdeer is preparing for rising costs. According to a recent investor presentation, Bitdeer currently has about 900 megawatts of mining capacity worldwide and plans to expand it to 2.6 gigawatts by 2026. The company is also expanding its global footprint, entering new markets such as Canada and Ethiopia, while advancing its strategic shift toward artificial intelligence and high-performance computing. Bitdeer operates data centers in Texas and Ohio - some of which are over 500 megawatts - that are considered suitable for artificial intelligence workloads.
