Bitdeer has reportedly expanded its operations for self-mining and invested in US-based production, as global supply chain and cryptocurrency markets are impacted by looming wars.
Bitdeer has begun prioritizing mining Bitcoin (BTCBloomberg reported on April 15.
“Our plan going forward is to prioritize our own self-mining,” Jeff LaBerge was Bitdeer’s Head of Capital Markets and Strategic Initiatives, according to reports.
Bloomberg reported that Bitdeer also plans to reduce US hardware production in the second part of this year, as US President Donald Trump promotes his plans to punish foreign imports while promoting domestic manufacturing.
“This is something we’ve been planning for a long time,” LaBerge talked about LaBerge’s manufacturing plans. “We want to bring jobs and manufacturing back to America.”
Trump hinted at plans in April to implement sweeping tariffs against US imports. Bitcoin’s network has become increasingly popular. especially vulnerable to trade barriers Since mining equipment involves complex global supply chain.
Bitcoin hash rate is at a record low. Source: Hashrate Index
Related: Tariffs, capital controls could fragment blockchain networks — Execs
Sectoral struggles
Bitcoin miners — including Bitdeer — have struggled in 2025 As volatile cryptocurrency markets worsen impact of April 2024’s halving the Bitcoin network.
Bitdeer stock fell by 28% in February after Bitdeer, a Bitcoin mining company, announced that it would be closing its doors. announced lower-than-expected earnings Revenues for the Fourth Quarter of 2024.
Bitdeer’s “lower performance compared to Q4 2023 was primarily driven by the impact of the April 2024 halving,” Harris Bassett – Bitdeer’s Chief strategy officer – cites a number of factors. said During Bitdeer’s quarterly earnings call.
Each four-year period, BTC mining is estimated to have increased in amount. “block” — a bundle of transaction data stored on the blockchain — is cut in half. Mining rewards were reduced from 6,25 BTC each block to 3,125 BTC after the April 2024 half-off.
Bitcoin price versus stocks. Source: 21Shares
JPMorgan stated previously that mining revenue and gross profit have fallen by 46% on average and 57% respectively.
Meanwhile, Bitcoin’s hash price — a measure of miner profitability — has sunk to nearly all-time lows, according to data Hashrate Index
Bitdeer sold its energy-efficient Bitcoin miner rigs in 2024 to try and offset the declining mining revenue. Sales growth was limited in Q4 and could not compensate for the weakness of other business areas.
Market turmoil is caused by the Bitcoin Trump family-backed cryptocurrency mining operation American Bitcoin, which reportedly considers launching a crypto-mining business. an initial public offering.
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Source: cointelegraph.com
