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 (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 target. In August, Bitdeer mined 375 BTC. This ranked sixth in the world behind MARA Holdings IREN, (MARA), Cango CleanSpark CLSK (Cang), CleanSpark Riot Platforms Industry data shows that (RIOT) has been a major problem.
The Miner Mag published a recent article highlighting a larger trend in which hardware manufacturers seek to compensate for 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 Zhang, an Analyst at The Miner Mag has told Bloomberg he is expecting a favourable outcome. “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 though BTC is hitting new record highs
Bitcoin is continuing its bull run. recently surpassing $126,000Mining economics has grown more challenging in recent years, especially since the 2024 block reward halving, which reduced it by half.
As a result, mining companies have begun to diversify their business models and deploy hardware for new workloads, such as data centers infrastructure or artificial intelligence. Recent examples include Hive DigitalIREN TeraWulfThe company has expanded its services to include AI-hosting or high performance computing.
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 center investment, miner’s are finding new business opportunities through repurposing existing facilities or upgrading them to cater for this market.
You can also read about the advantages of using Cointelegraph explainedSome miners also lease excess capacity to AI firms, creating a stable revenue stream in periods of volatility.
Magazine: Bitcoin’s long-term security budget problem: Impending crisis or FUD?
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Source: cointelegraph.com
