crypto.news 2025-04-15 17:20:08

Bitdeer to increase US mining as tariff pause opens trade window: report

Bitdeer Technologies Group plans to take advantage of a 90-day suspension of U.S. tariffs to ship mining rigs from Southeast Asia to the United States. According to Bloomberg, Bitdeer, a Bitcoin ( BTC ) mining company listed on Nasdaq and founded by crypto mogul Jihan Wu, is experiencing a decline in profitability and a slump in demand for Bitcoin mining hardware. As a result, the Singapore-based company is pivoting to self-mining rather than selling its machines to other operators. It will also begin U.S.-based manufacturing as a result of Trump’s tariff policies . “Our plan going forward is to prioritize our own self-mining,” said Jeff LaBerge, Bitdeer’s head of capital markets and strategic initiatives. The shift comes as Bitcoin’s hash price—a measure of mining profitability— remains near historic lows, following last year’s halving event that reduced block rewards. Meanwhile, U.S. tariffs under President Trump’s trade policy are causing supply chain disruptions for rigs built largely in Asia. You might also like: Mantra’s token crash exposes liquidity risks, market manipulation U.S.- based manufacturing Bitdeer also intends to begin U.S.-based manufacturing in the second half of 2025, aiming to reduce its dependence on overseas production and bring jobs to the U.S. While chips from Taiwan’s TSMC are currently exempt from tariffs, the company is preparing for possible cost increases. Some customers have delayed orders for rigs, prompting Bitdeer to reroute inventory to its own facilities in Bhutan and Norway. The company currently operates about 900 megawatts of mining capacity globally and aims to scale to 2.6 gigawatts by 2026. It’s also expanding into new markets including Canada and Ethiopia and repurposing its data centers in Texas and Ohio to support artificial intelligence and high-performance computing. You might also like: Amazon outage ‘textbook example’ of centralized systems risks, experts say