Bitdeer Technologies Group is seizing the opportunity created by Trump's 90-day tariff suspension to transport mining equipment from Southeast Asia to the United States, according to a Bloomberg report.
The Nasdaq-listed Bitcoin mining company, founded by crypto mogul Jihan Wu, is making strategic shifts amid declining profitability and weakening demand for mining hardware:
- Pivoting to prioritize self-mining operations over selling machines to other operators
- Planning to begin US-based manufacturing in the second half of 2025
- Rerouting inventory originally meant for customers to their own facilities in Bhutan and Norway
"Our plan going forward is to prioritize our own self-mining," said Jeff LaBerge, Bitdeer's head of capital markets and strategic initiatives.
This strategy change comes as Bitcoin's hash price (a key measure of mining profitability) remains near historic lows following last year's halving event. While chips from Taiwan's TSMC are currently exempt from tariffs, Bitdeer is preparing for possible future cost increases.
The Singapore-based company currently operates approximately 900 megawatts of mining capacity globally and aims to scale to an ambitious 2.6 gigawatts by 2026. Their expansion also includes new markets like Canada and Ethiopia, plus repurposing data centers in Texas and Ohio to support AI and high-performance computing.
Do you think more miners will follow Bitdeer's lead in shifting to US-based manufacturing to avoid tariff uncertainties?
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