Bitcoin News Today: Bitdeer Competes Against Clients with Aggressive Self-Mining Expansion

Bitdeer Technologies Group, a leading Bitcoin mining technology company, has accelerated its strategic pivot from hardware manufacturing to large-scale self-mining operations, significantly expanding its proprietary hashrate and global infrastructure. In July 2025, the firm reported a 35% increase in self-mining hashrate to 22.3 exahashes per second (EH/s), driven by the deployment of its proprietary SEALMINER A1 and A2 units. This surge translated to a 39% month-over-month rise in self-mined Bitcoin output, with 282 Bitcoins mined in July, reflecting the company's aggressive shift toward direct mining operations.

The expansion is underpinned by substantial infrastructure investments, including the completion of a 100-megawatt (MW) hydro-cooling conversion in Rockdale, Texas, and the energization of 159 MW in Norway and Bhutan, bringing total global electrical capacity to 1,257 MW. Bitdeer's strategy leverages low-cost energy and strategic geographic diversification, with new facilities planned in Ohio, Alberta, and Ethiopia. The company also announced progress on next-generation mining rigs, including the SEALMINER A3, set for a September 2025 launch, and the SEALMINER A4, targeting chip efficiency of 5 joules per terahash (J/TH) by 2026.

Financially, Bitdeer has secured external capital to support its growth. A $50 million cash infusion from Tether in May 2025, via warrant exercises, and refinancing through lower-coupon convertible bonds have enabled the firm to manage upfront manufacturing costs and execution risks. Analysts project that a 40 EH/s self-mining capacity by October 2025 could generate $750 million in annualized revenue with gross margins exceeding 50%, positioning Bitdeer among the top five global miners.

The strategic shift reflects broader industry trends as weakening demand for mining rigs forces manufacturers to compete with their own clients. Bitdeer's self-mining hashrate has quadrupled year-over-year, reaching 22.5 EH/s by July 2025, while external sales have stabilized at 5.9 EH/s of mining rigs shipped in July. This dual approach-deploying rigs for self-mining while maintaining a presence in the hardware market-aligns with the company's goal of balancing direct revenue generation and market visibility.

Market dynamics, however, remain challenging. Bitcoin's network difficulty has risen 55% over the past 12 months, squeezing margins for miners and dampening hardware demand. Bitdeer's pivot to self-mining mitigates these pressures by capitalizing on its vertical integration and proprietary technology. The firm's expansion into high-performance computing (HPC) and AI services, including GPU cloud solutions powered by NVIDIA DGX SuperPOD, further diversifies its revenue streams.

Industry observers note that Bitdeer's strategy mirrors trends among peers like Canaan, which has similarly shifted to in-house mining. However, Bitdeer's scale and international infrastructure, particularly in low-cost energy regions, provide a competitive edge. Analyst Wolfie Zhao of The Miner Mag emphasized that "large miners will remain cautious on fleet expansion," but Bitdeer's focus on self-mining and efficiency gains could insulate it from market volatility.

Source: [1] Bitdeer Technologies Group (https://ir.bitdeer.com/news-releases/news-release-details/bitdeer-announces-july-2025-production-and-operations-update) [2] Bloomberg (https://www.bloomberg.com/news/articles/2025-10-09/crypto-gear-maker-bitdeer-turns-miner-to-compete-against-clients) [3] Cointelegraph (https://cointelegraph.com/news/bitdeer-bitcoin-self-mining-expansion-2025)