Bitdeer Shifts to Self-Mining Amid Trade Tensions, US Expansion

Bitdeer, a prominent Bitcoin miner, is reportedly shifting its focus towards self-mining operations and expanding its production capabilities in the United States. This strategic move comes as global supply chains and cryptocurrency markets face disruptions due to escalating trade tensions.

In response to declining demand for its mining hardware from other miners, Bitdeer has decided to prioritize mining Bitcoin (BTC) on its own. Jeff LaBerge, Bitdeer’s head of capital markets and strategic initiatives, stated that the company's future plans involve emphasizing self-mining. This decision is part of a broader strategy to navigate the challenges posed by the current market conditions and trade uncertainties.

Additionally, Bitdeer is planning to scale up its hardware manufacturing operations in the United States during the second half of the year. This initiative aligns with the Trump administration's push to penalize foreign imports and promote domestic manufacturing. LaBerge highlighted that this move has been in the works for some time, emphasizing Bitdeer's commitment to bringing jobs and manufacturing back to the United States.

The looming trade wars and potential tariffs on US imports pose significant risks to the Bitcoin network, which relies on complex global supply chains for mining hardware. The Bitcoin network's vulnerability to trade barriers underscores the importance of Bitdeer's strategic shift towards self-mining and domestic production.

Bitcoin miners, including Bitdeer, have faced significant challenges in 2025 due to volatile crypto markets and the impact of the Bitcoin network's April 2024 halving. The halving event reduced mining rewards from 6.25 BTC to 3.125 BTC per block, leading to a decline in mining revenues and gross profits. Bitdeer's stock dropped by roughly 28% in February after the company reported lower-than-expected earnings and revenues for the fourth quarter of 2024.

Bitdeer's chief strategy officer, Harris Bassett, attributed the company's lower performance to the impact of the April 2024 halving and other factors. In an attempt to offset declining mining revenues, Bitdeer tried to boost sales of its energy-efficient Bitcoin mining rigs. However, the sales growth was limited and did not fully compensate for the weakness in other business lines during the fourth quarter.

Despite these challenges, Bitdeer's strategic shift towards self-mining and domestic production positions the company to better navigate the current market turbulence and trade uncertainties. By focusing on self-mining and expanding its US-based operations, Bitdeer aims to enhance its resilience and adaptability in the face of evolving market conditions.