Bitdeer Shifts Strategy, Expands U.S. Mining Operations
Bitcoin mining giant Bitdeer is pivoting its business strategy amid turbulent cryptocurrency markets and rising geopolitical tensions, with plans to ramp up self-mining operations and invest heavily in U.S.-based manufacturing, according to a new report from Bloomberg.
The Singapore mining company Bitdeer moves resources from serving other miners to Bitcoin self-mining because of the weakening global mining hardware demand. The industry now turns to different directions since both Bitcoin halving and tariff worries create uncertainty for its future.
Bitdeer Prioritizes Self-Mining Amid Industry Challenges
Bitdeer intends to dedicate all of its mining resources to mining Bitcoin, according to Jeff LaBerge in his role as head of capital markets and strategic initiatives. “Our mission is to establish American workplaces that assemble our products,” he said.
Bitdeer plans to increase U.S. manufacturing activity in line with former President Donald Trump’s push for tariffs and American manufacturing growth, which might heavily impact global technology supply chains.
According to LaBerge, Bitdeer has considered increasing U.S. hardware production for an extended period before making this decision. Bitdeer moves ahead to protect its business by securing the availability and costs of hardware imports from Asia and other regions should trade barriers arise.
Bitdeer needs to make its move now in order to succeed. Miners worldwide struggled with reduced earnings starting in April 2024 when the Bitcoin block reward changed from 6.25 BTC to 3.125 BTC. Every four years Bitcoin’s built-in protocol reduces supply by half to create stronger competition among mining participants and diminish their profits.
Bitdeer Stock Drops Following Disappointing Q4 Results
Bitdeer’s stock value declined by 28% due to its poor fourth-quarter financial results in February 2025. Chief Strategy Officer Harris Bassett stated both the Bitcoin halving event in April 2024 and the general economic volatility affected Bitdeer’s financial results.
According to JPMorgan research, mining revenues have dropped by 46%, while gross profits sank 57% after Bitcoin halving. The crypto mining industry now experiences unprecedented levels of reduced profitability because miners need to pay more for electricity while Bitcoin remains at its current flat price.
Bitdeer sought new income options by adding mining hardware sales to its business activities in the prior year. Shifting operations did not fully recover the losses from its fundamental operations.
The Trump family-linked American Bitcoin mining project signals its plans for an IPO that would redefine the U.S. mining market dynamics.
Bitdeer’s focus on mining for itself alongside domestic production shows how the crypto mining business units must shift their strategies to stay strong in this changing crypto market.
