Bitdeer Technologies Group (BTDR), a Bitcoin mining and infrastructure company, is ramping up its self-mining operations amid weakening demand for mining rigs — highlighting how some hardware makers are shifting strategies to stay competitive during the current Bitcoin bull market.
Bloomberg reported on Oct. 9, 2009. reportBitdeer accelerates its shift toward Bitcoin mining (BTCIt is a direct competitor to the clients who purchase their rigs.
Report cited Bitdeer’s most recent filings, which showed a significant year-over-year increase in its mining capability in August. It also stated its goal to become one of the top five Bitcoin miner’s worldwide.
Bitdeer seems to be close to achieving that goal. It ranked 6th globally in mining 375 BTC during August. MARA Holdings IREN, (IREN), (MARA), Cango CleanSpark CLSK (CANG) Riot Platforms Industry data shows that (RIOT).
The Miner Mag published a recent article highlighting a more general trend of hardware manufacturers looking to offset the lackluster sales of rigs by monetising their mining capabilities. Canaan as well Bitdeer have been cited, Bitdeer having nearly tripled its own hashrate from December 2024 to July 2025.
“In both cases, surplus inventory that once would have been shipped to customers is now being deployed in-house,” The Miner Mag wrote In its Miner Weekly Newsletter on September 4.
Wolfie Zha, an analyst with The Miner Mag told Bloomberg that the company expects to see a rise in mining activity. “large miners to remain cautious on fleet expansion for the foreseeable future.”
Related: Bitcoin mining stocks outperform BTC as investors bet on AI pivots
Bitcoin miners are diversifying even as the BTC price reaches new heights
Bitcoin is continuing its bull run. recently surpassing $126,000The mining economy has become increasingly difficult, especially after the 2024 half-off of block rewards.
As a response, many mining companies diversify their models of business, and are deploying new hardware towards workloads like artificial intelligence or data center infrastructure. Recent examples include Hive DigitalIREN TeraWulfThey have also expanded their services into AI or high-performance computation.
Meanwhile, Bitcoin’s network difficulty — a measure of how hard it is to mine new blocks — continues to climb to fresh all-time highs, extending a long-term trend that has tightened margins and operating conditions for major miners.
As AI demand surges and tech giants commit hundreds of billions in data centers, miner’s are finding new business opportunities through repurposing existing facilities or upgrading them to cater for this market.
The following are some of the ways to get in touch with us. Cointelegraph explainedDuring periods of high volatility in the crypto market, many miners lease their excess mining capacity to AI-based companies. This creates a steady revenue stream.
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Source: cointelegraph.com
