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, Oct. 9 reportBitdeer accelerates its shift toward Bitcoin mining (BTCThe same customers who buy its equipment are also competitors.
This report quoted Bitdeer’s recent filings which show a massive year-overyear increase of its capacity in August, and their stated goal of being one of world’s five largest Bitcoin miners.
Bitdeer is getting close to that goal. It ranked 6th globally in mining 375 BTC during August. MARA Holdings IREN, (MARA), Cango CleanSpark, (CLSK), and Riot Platforms According to data from the industry, the RIOT (Return on Investment Tax) is a significant issue.
The Miner Mag published a recent article highlighting a general trend in which hardware manufacturers seek to offset a decline in rig sales, 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 Magazine wrote The Miner Weekly, published on the 4th of September.
Wolfie Zha, an analyst with The Miner Mag told Bloomberg he expected to see a rise in the price of gold. “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’s bullish run continues. recently surpassing $126,000Mining economics has grown more challenging in recent years, notably after 2024, when the block reward was halved.
In response to this, many mining companies diversify their models of business, and are deploying new hardware towards workloads like artificial intelligence or datacenter 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.
Miners have found new opportunities to meet the demand for AI computing, as major tech companies are investing hundreds of millions of dollars into data centers.
You can also read about the advantages of using 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.
Magazine: Bitcoin’s long-term security budget problem: Impending crisis or FUD?
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Source: cointelegraph.com
