Bitdeer’s $36M Nevada Factory to Produce Bitcoin Mining Rigs Domestically

2 hour ago 3 sources neutral

Key takeaways:

  • Bitdeer's vertical integration aims to insulate against post-halving margin pressure by controlling hardware costs.
  • Sticking to Bitcoin hardware amidst an industry AI pivot may amplify returns if Bitcoin mining profitability rebounds.
  • Onshoring production diversifies supply chains but introduces execution risks and reliance on US incentives.

Bitdeer Technologies has announced a $36 million manufacturing facility in Sparks, Nevada, to produce its SEALMINER Bitcoin mining machines, marking the company’s first U.S.-based hardware production site. Commercial output is expected to begin by the end of 2026, with monthly capacity planned at up to 10,000 units.

The Singapore-based firm said the plant will manufacture key components for its ASIC mining rigs, reducing reliance on third-party suppliers and strengthening domestic supply chains. Bitdeer worked with Nevada Governor Joe Lombardo’s administration and local officials to secure tax incentives, including reduced qualifying sales taxes.

The announcement drove Bitdeer’s stock up 14.1% to $14.33, though it remains about 27% below its June peak. The company also reported mining 921 BTC in May – a 370% year‑over‑year jump – underscoring the rapid growth of its mining business alongside the manufacturing push.

While competitors such as MARA and TeraWulf increasingly pursue AI data center contracts, Bitdeer’s Nevada facility keeps its core focus on Bitcoin mining hardware. CEO Catherine Guo said the plant will not branch into AI equipment, even as the company separately expands into AI cloud computing and high‑performance computing services.

The move comes as Bitcoin miners face tighter economics post‑halving, making efficient, in‑house hardware production a strategic advantage. By vertically integrating manufacturing, Bitdeer aims to accelerate its self‑mining hashrate expansion and better control costs in an increasingly competitive landscape.

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