Bitdeer Technologies Group, a significant provider of Bitcoin mining technology, has announced an expansion of its US rig production in response to new tariffs on Chinese equipment. This move aims for a substantial hashrate increase by October 2025.
Expansion Strategy
Bitdeer is responding to tariffs imposed during the Trump administration that complicate the import of Chinese mining equipment. The production expansion in the US strengthens the company's strategic goals in Bitcoin mining.
Hashrate Targets
The company's CFO, Matt Kong, detailed plans for a significant increase in hashrate to 40 EH/s by October 2025. "In June, we increased our self-mining hashrate by 21% to 16.5 EH/s and we remain on track to reach 40 EH/s by the end of October 2025." - Matt Kong.
Financial and Competitive Outlook
Bitdeer's actions are expected to enhance competitiveness and financial performance, marked by a 39% increase in self-mined BTC. The scaling of US infrastructure underscores the company's efforts to maintain operational efficiency amid evolving tariff landscapes.
Bitdeer's production expansion demonstrates strategic resilience amid tariff challenges. This is anticipated to influence the future of Bitcoin mining by mitigating supply chain risks.
