Bitcoin mining giant Bitdeer is doubling down on its self-mining operations and ramping up US-based hardware manufacturing as global trade tensions and market volatility shake the cryptocurrency sector.
The Singapore-headquartered, Nasdaq-listed miner is shifting strategy in response to cooling demand for mining equipment and the growing impact of US tariffs on foreign tech imports, particularly from China.
Bitdeer’s pivot comes as the Bitcoin mining enters into a period of market turbulence following the Bitcoin halving which occured last year, which has driven both mining revenues and Bitcoin gross profits down by 46% and 57% respectively.
Meanwhile, Bitcoin’s hash price—a key measure of miner profitability—has sunk to near all-time lows. With many miners finding themselves hardly being about to stay afloat, the demand for mining hardware has also seemed to come to a standstill.
To counteract and keep itself afloat as the sector experiences massive headwinds, Bitdeer has strategically chosen to use its own high-efficiency machines to mine Bitcoin for itself, as it would prove to be a more sustainable business model compared to its original strategy of selling hardware to third parties.
Jeff LaBerge, Bitdeer’s head of capital markets and strategic initiatives revealed
"Our plan going forward is to prioritize our own self-mining.”
The company plans to expand its US manufacturing footprint in the second half of 2025 also aligns with President Donald Trump’s push for domestic production by putting a heavy tax on foreign products that was being delivered into the United States. Laberge revealed
"This is something we've been planning for a long time. We want to bring jobs and manufacturing back to America."
Trump's tariff had a devastating impact on Bitcoin mining given how many mining hardware is often imported into the United States from a variety of countries like Thailand, Malaysia and Indonesia. Following Trump's tariff wars, American Bitcoin mining have seen the cost of their machines increase by a whopping 22-33%.
The shift to self-mining follows a turbulent period for not just Bitdeer but the broader mining industry. In February, Bitdeer’s stock fell nearly 28% after reporting lower-than-expected Q4 2024 earnings, largely due to the halving’s impact and weak hardware sales.
Bitcoin halving occurs once every four years, where the amount of BTC mined per "block"-a bundle of transaction data stored on the blockchain-is cut in half. The April 2024 halving reduced mining rewards from 6.25 BTC to 3.125 BTC per block.
The halving has caused mining revenues and gross profits to drop drastically. Meanwhile, Bitcoin's hash price-a measure of miner profitability-has also sunk to near all-time lows, according to data from the Hashrate Index.
In 2024, Bitdeer had tried to offset its declining Bitcoin mining revenues by selling its own energy-efficient Bitcoin mining rigs. But this strategy has been unsuccessful as sales growth was unable to offset weakness in the other business lines in Q4.
Bitdeer’s renewed focus on US manufacturing highlights a broader industry trend toward domestic production and supply chain diversification as geopolitical risks intensify. The company’s strategic pivot underscores the vulnerabilities of global crypto infrastructure to trade disruptions and regulatory changes.
As the Bitcoin network grapples with the aftermath of the halving and ongoing tariff threats, Bitdeer’s move to prioritize self-mining and US-based manufacturing positions it to weather sector-wide headwinds and capitalize on future market recovery.
American streamer Amouranth survived a violent home invasion in Houston, where armed intruders assaulted her and demanded her cryptocurrency keys. Four suspects, including two teenagers, were arrested, and the case highlights the rising danger of criminals targeting people with significant digital assets.
JoyJames Howells' request to search a landfill for a hard drive containing 8,000 Bitcoin was rejected by the UK Court of Appeal, marking a setback in his legal battle. He plans to appeal to the European Court of Human Rights, but the landfill is set to close soon, making the search more difficult.
WeatherlyThe Bank of Korea rejected the idea of holding Bitcoin in its foreign exchange reserves due to concerns about volatility and liquidity. Despite growing political interest in Bitcoin reserves, the central bank remains cautious and aligns with global trends of skepticism.
AnaisNorth Korea's Lazarus Group has become one of the largest Bitcoin holders, controlling 13,562 BTC, after stealing $1.46 billion in a crypto heist. This makes North Korea one of the top government holders of Bitcoin, raising concerns about their intentions and role in global cybercrime.
AnaisMarla Maples has joined others in calling for the dismissal of charges against Bitcoin advocate Roger Ver, who faces accusations of tax evasion and fraud. Ver's legal battle has gained support from figures like Elon Musk, Vitalik Buterin, and political figures, highlighting concerns over crypto regulation.
WeatherlyElon Musk's xAI acquired Hotshot, a startup known for its advanced AI video models, to compete in the AI-driven video creation space. Hotshot’s technology will be integrated into xAI’s Colossus cluster, and the company has halted new video creation as of March 2025.
WeatherlySpanish authorities dismantled a major crypto pyramid scam that defrauded over 3,600 victims out of an estimated 32.6 million euros through a fake online investment platform. Eight suspects were arrested, and the scam affected victims in 36 countries, leading to asset seizures and frozen bank accounts.
JoyThailand is investing in AI to improve fraud detection and financial crime prevention across industries, with a focus on secure digital transactions. The country is also using AI to automate compliance tasks and strengthen governance in fraud detection systems.
AnaisVitalik Buterin recently sold several meme tokens and minted DAI, accumulating 71.69 ETH. His sale of DHN tokens caused a 57% drop in their value, sparking discussions about his market strategy.
WeatherlySolana faced intense criticism after a controversial ad promoting its "Accelerate" conference, which included political messaging and a scene seen as offensive by many. The ad was quickly pulled, but the backlash sparked a broader debate about political content in crypto marketing.
Anais