Bitcoin News Today: Bitdeer Bets Big on U.S. Manufacturing to Outmaneuver Tariff Storm

Bitdeer Technologies Group (NASDAQ: BTDR) has announced significant expansion in its U.S. rig manufacturing operations amid challenges posed by increasing tariffs on imported mining equipment. The company’s second-quarter unaudited financial results revealed total revenue of $155.6 million, a 56.8% year-over-year increase and a 121.9% sequential rise, driven by robust growth in its self-mining business and $69.5 million in external sales of SEALMINER A2s. However, costs rose substantially, with the cost of revenue reaching $142.8 million, compressing gross profit to $12.8 million compared to $24.4 million in the same period the previous year [1].

The expansion aligns with Bitdeer’s strategic response to the evolving global trade landscape, particularly the U.S.-led trade tensions that have significantly impacted the Bitcoin mining industry. With the effective tariff on China-origin mining machines reaching 57.6%, Bitdeer’s U.S. production aims to mitigate these trade barriers and reduce reliance on Chinese supply chains [4]. This shift is part of a broader trend among Chinese hardware manufacturers, including Bitmain and MicroBT, who are establishing U.S. operations to navigate the tariff challenges.

Bitdeer’s self-mining hash rate surged to 16.5 EH/s in the second quarter of 2025, a 126% year-over-year increase, putting the company on track to surpass its 40 EH/s self-mining target by the end of the year. Matt Kong, Chief Business Officer, highlighted the progress made in wafer supply allocation and the potential for exceeding the target, reinforcing the company’s confidence in its growth trajectory [1]. The improved hash rate is attributed to strategic investments in power infrastructure, including energizing 361 MW of datacenter capacity year-to-date, bringing the total available electrical capacity to approximately 1.3 GW [1].

Bitdeer’s R&D efforts are also focused on enhancing the efficiency of its mining hardware. The company is currently developing the SEALMINER A4, targeting an unprecedented chip efficiency of approximately 5 J/TH. Significant progress was made in July with customized silicon software development and the expansion of the U.S. engineering team to support the SEAL04 chip [1]. These advancements are expected to strengthen Bitdeer’s competitive position in the market and provide substantial value to customers and shareholders by offering more energy-efficient mining solutions.

The company is also making strides in its HPC/AI initiatives, with advanced negotiations underway with a development partner for the Clarington, Ohio site. This site is anticipated to host high-performance computing and artificial intelligence operations, further diversifying Bitdeer’s portfolio and leveraging its existing infrastructure for new revenue streams [1].

Despite the financial challenges, including a net loss of $147.7 million in the second quarter, Bitdeer’s balance sheet remains robust. The company reported $299.8 million in cash and cash equivalents as of June 30, 2025, with a crypto asset balance of $169.3 million [1]. These figures indicate Bitdeer’s ability to sustain its operations and invest in future growth, even amid rising costs and trade barriers.

Bitdeer’s expansion in U.S. rig manufacturing is a strategic move to adapt to the changing global trade environment and capitalize on the growing demand for Bitcoin mining solutions. The company’s focus on R&D, infrastructure development, and diversification into HPC/AI positions it well to navigate the challenges posed by tariffs and maintain its leadership in the industry [1]. As the U.S. Bitcoin mining sector continues to evolve, Bitdeer’s strategic initiatives will likely play a crucial role in shaping the competitive landscape and driving innovation in the space.

Source: [1] Bitdeer Reports Unaudited Financial Results for the Second Quarter of 2025 (https://ir.bitdeer.com/news-releases/news-release-details/bitdeer-reports-unaudited-financial-results-second-quarter-2025/) [4] US-China Trade War Hits Bitcoin Miners With Tariffs (https://cointelegraph.com/news/us-china-trade-war-bitcoin-mining-tariffs)