Bitdeer Technologies Group plans to take advantage of the 90-day suspension of US tariffs to ship mining rigs from Southeast Asia to the US.
According to Bitdeer, a Bitcoin (BTC) mining company listed on NASDAQ and founded by Crypto Mogul Jihan Wu, there has been a decline in profitability and demand for Bitcoin mining hardware.
As a result, the Singapore-based company is pivoting to self-monitoring rather than selling the machines to other operators. It will also launch a US-based manufacturing business as a result of Trump’s tariff policy.
“The future plan is to prioritize our own self-mining,” said Jeff Laberge, head of capital markets and strategic initiative at Bitdeer.
This shift falls near historic lows, following the half-events of last year when Bitcoin hash prices (a measure of mining profitability) cut block rewards. Meanwhile, US tariffs based on President Trump’s trade policy have caused disruption to the supply chain of rigs built primarily in Asia.
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US-based manufacturing
Bitdeer also plans to launch a US-based manufacturing industry in the second half of 2025, aiming to reduce its dependence on overseas production and bring jobs to the US.
Taiwan’s TSMC tips are currently exempt from tariffs, but the company is preparing for the potential for increased costs.
Some customers have delayed orders for rigs, urging Bitdeer to reroute their inventory to their own facilities in Bhutan and Norway.
The company currently operates around 900 megawatts of mining capacity worldwide and aims to scale to 2.6 gigawatts by 2026.
It also expands to new markets such as Canada and Ethiopia, reusing data centers in Texas and Ohio to support artificial intelligence and high-performance computing.
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