Key Takeaways
- Singapore-based Bitdeer pivots to self-mining amid falling demand for Bitcoin rigs.
- Ongoing tariff tensions are prompting miners to manufacture and operate within the U.S.
- Industry experts say the shift could help decentralize global Bitcoin mining power.
Bitdeer Technologies Group, a Singapore-based Bitcoin (BTC) mining firm listed on Nasdaq, is shifting its focus to the United States in response to intensifying global tariff tensions and declining demand for mining equipment.
The company said it plans to ramp up both its self-mining operations and domestic manufacturing efforts in the U.S., where more firms are now opting to build and mine rather than import equipment from traditional hubs like China.
Pivot From Sales to Self-Mining
The move comes as the market for Bitcoin mining rigs continues to cool, prompting a strategic pivot at Bitdeer. Rather than selling equipment to third-party miners, the company will focus on mining BTC for itself.
“Our plan going forward is to prioritize our self-mining,” said Jeff LaBerge, head of capital markets and strategic initiatives at Bitdeer, in comments to Bloomberg.
Bitcoin’s recent market dip—dropping nearly 30% from its all-time highs—has deeply cut into mining profitability. The April 2024 halving event reduced block rewards to 3.125 BTC, adding further pressure on already thin margins.
The combination of lower profitability and equipment oversupply has made selling rigs less attractive, pushing more companies to mine independently.
Tariffs Push Manufacturing to U.S. Soil
Beyond price pressures, geopolitics are playing a growing role. Donald Trump’s administration has leveled tariffs on tech equipment imported from China, where most Application-Specific Integrated Circuit (ASIC) miners are produced.
In response, many Bitcoin mining firms are relocating or expanding their manufacturing base to the U.S. and other countries to reduce exposure to supply chain disruptions and rising costs.
Bitdeer’s decision to localize production is part of a broader effort to mitigate these risks. The company expects to begin U.S.-based manufacturing in the second half of 2025.
Last year, China-based Bitmain Technologies, the world’s largest maker of Bitcoin mining hardware, also announced plans to open a U.S. production line, though details remain scarce.
A Step Toward Decentralization?
While the U.S. already controls more than half of the global Bitcoin network’s hash rate, industry observers say that increased domestic production could lead to a more even global distribution of mining power over time.
Experts argue that tariff pressures may inadvertently drive decentralization—one of Bitcoin’s foundational principles—by encouraging diverse geographic sourcing and manufacturing of mining infrastructure.
As the crypto mining industry evolves amid tighter margins and geopolitical constraints, Bitdeer’s strategy signals a growing trend: survival will increasingly depend on vertical integration, self-reliance and manufacturing closer to home.
