tradingkey.logo

Nasdaq-listed Bitdeer unveiled plans to expand its U.S. crypto mining rig manufacturing operations

Cryptopolitan2025年8月21日 06:09

Singapore-based crypto mining platform Bitdeer announced plans to expand the manufacturing of its mining rigs in the U.S. amid dropping profits. Jeff LaBerge, Bitdeer’s CFA, said his company hoped to ride on Trump’s tariff headwinds, even if his trade policies hurt the miner’s supply chain. 

LaBerge praised Trump’s approach, saying it had created more things to consider. He also mentioned that the policies were supportive of energy. LaBerge believes a Bitcoin-friendly tariff resolution will be made to allow companies like Bitdeer to thrive. The Cryptopolitan recently reported that Tether had invested over $400M to acquire a 21.4% (31.8M shares) stake in Bitdeer.

The miner hopes to start manufacturing mining rigs in the U.S. this year, eventually helping its self-mining business to grow. Bitdeer pointed out that many of its competitors were similarly considering shifting their production to the U.S. However, it clarified that there were no plans to reposition itself as a treasury firm, even as its BTC holdings continued to increase.

LaBerge says Bitdeer is more practical

The CFA said his company was not trying to be seen as a BTC treasury, adding that the miner was more practical than idealistic about including BTC on its balance sheet. He added that having Bitcoin on the company’s balance sheet was not part of their identity. The company also acknowledged that BTC mining faced challenges ranging from rising costs to dwindling rewards and growing uncertainty in the macroeconomic environment. 

One financial analyst claimed that the miner’s Q2 results demonstrated that the company’s bet on vertical integration was paying off. The analyst believes the company has transformed from solely a BTC miner to a key industry technology provider. The manufacturing and commercialization of their SEALMINER A2 miners provided a cost advantage and a growth engine for the company’s operations. 

However, the analyst observed that bears were likely to point to the company’s high cash burn from R&D and SG&A, growing debt balance, and risks associated with its expansion plans. The analyst believes the high operating expenses of $42.3 million reported in Q2 represented a significant quarterly cash burn. Bitdeer’s spending needs to be supported by sustained revenue growth, but its profitability is still sensitive to BTC prices and high innovation costs. The analyst also thinks the company should take care of its growing debt load, which has reached $533 million.

Bitdeer focuses on rapid growth

Matt Kong, Bitdeer’s Chief Business Officer, said on August 18 that his company was now looking forward to rapid growth, especially in its self-mining hashrate. He pointed out that Q2 marked a key point of inflection, and his company was on track to achieve its targets throughout the remainder of the year. Kong added that his company expected sequentially improved financial results in H2 2025. 

The CBO also claimed that its company aimed to achieve its end-of-October 40EH/s target. He explained the company was likely to exceed its 2025 targets because its foundry’s wafer supply allocation had improved. 

Kong continued revealing his company’s R&D plans, disclosing that the miner was targeting a 5 J/TH chip efficiency for its SEALMINER A4 project. He pointed out that his company also made significant progress in July with the expansion of its U.S. engineering team and the development of customized silicon software. Kong said these developments firmly positioned his company as a leading supplier of the industry’s most energy-efficient mining rigs. The CBO believes this will help improve the company’s competitiveness and unlock value for its customers and shareholders. 

Kong concluded by saying his company was keen on energizing more data centers. He pointed out that the miner had energized a self-mining data center capacity of 361 MW, bringing the miner’s electrical capacity to roughly 1.3 GW. Kong expects this will increase to over 1.6 GW by the end of this year. The Clarington, Ohio, site is almost at its full 570 MW capacity.

The smartest crypto minds already read our newsletter. Want in? Join them.

免责声明:本网站提供的信息仅供教育和参考之用,不应视为财务或投资建议。

相关文章

tradingkey.logo
tradingkey.logo
日内数据由路孚特(Refinitiv)提供,并受使用条款约束。历史及当前收盘数据均由路孚特提供。所有报价均以当地交易所时间为准。美股报价的实时最后成交数据仅反映通过纳斯达克报告的交易。日内数据延迟至少15分钟或遵循交易所要求。
* 参考、分析和交易策略由第三方提供商Trading Central提供,观点基于分析师的独立评估和判断,未考虑投资者的投资目标和财务状况。
风险提示:我们的网站和移动应用程序仅提供关于某些投资产品的一般信息。Finsights 不提供财务建议或对任何投资产品的推荐,且提供此类信息不应被解释为 Finsights 提供财务建议或推荐。
投资产品存在重大投资风险,包括可能损失投资的本金,且可能并不适合所有人。投资产品的过去表现并不代表其未来表现。
Finsights 可能允许第三方广告商或关联公司在我们的网站或移动应用程序的任何部分放置或投放广告,并可能根据您与广告的互动情况获得报酬。
© 版权所有: FINSIGHTS MEDIA PTE. LTD. 版权所有
KeyAI