Nasdaq-listed Bitcoin mining company BitDeer (BTDR) has announced plans to build a $36 million manufacturing facility in Sparks, Nevada. The plant, the company’s first in the United States, is expected to be operational by the end of this year and is expected to produce up to 10,000 mining rigs per month.
Strategic expansion into US manufacturing
The decision to build a domestic factory comes as Bitdeer seeks to strengthen the resilience of its supply chain amid continued geopolitical uncertainty and trade tensions affecting hardware imports from Asia. By establishing a production site in Nevada, the company aims to reduce its dependence on overseas suppliers and better serve the North American market.
Bitdeer was founded by Jihan Wu, a prominent figure in the cryptocurrency mining industry who previously co-founded Bitmain, the world’s largest Bitcoin mining hardware manufacturer. Wu left Bitmain in 2019 following internal disputes and later launched Bitdia, which has since grown into a major mining operator and service provider.
Financial background and strategic transformation
The Nevada capital investment is consistent with Bitdeer’s broader financial strategy. The company has been pursuing “zero” since February. $BTCThe company’s policy is to sell all Bitcoins it mines rather than keeping them on its balance sheet. This approach is in contrast to many mining companies that accumulate Bitcoin as a long-term reserve asset. This move may reflect the company’s focus on liquidity and operating cash flow, especially as the company invests heavily in infrastructure expansion.
Bitdeer’s decision to manufacture in the United States reflects a broader trend among crypto mining hardware companies to localize production. Although the CHIPS Act and other federal incentives have made domestic manufacturing more attractive, the industry still faces challenges related to energy costs and regulatory uncertainty.
Impact on mining
The new factory could have several knock-on effects. For one thing, it could help stabilize hardware prices and availability for North American miners, which have traditionally been exposed to supply chain disruptions from Asia. Additionally, U.S.-based manufacturing has the potential to provide domestic customers with faster delivery times and better after-sales support.
However, the facility’s monthly production of 10,000 units represents a relatively small portion of global mining rig production. For example, Bitmain ships hundreds of thousands of units annually. Still, the move signals growing confidence in the United States as a viable manufacturing base for specialized cryptographic hardware.
conclusion
Bitdeer’s Nevada facility marks an important step in the company’s evolution from a mining operator to a vertically integrated hardware manufacturer. The company aims to improve supply chain management and reduce costs by moving production closer to key markets. The project is expected to create local jobs and strengthen Nevada’s position as a hub for crypto-related industries. Completion by the end of the year will be a notable milestone.
FAQ
Q1: Where exactly is Bitdeer’s new factory located?
The facility will be built in Sparks, Nevada, near Reno in the western part of the state.
Q2: How many mining rigs will your factory produce?
Bitdeer expects the factory to be able to produce up to 10,000 mining rigs per month once fully operational.
Q3: Why is Bitdeer building a factory in the US now?
The company aims to reduce dependence on its Asian supply chain, shorten delivery times to North American customers and take advantage of U.S. manufacturing incentives. Also matches the current “zero”. $BTC” A strategy to secure liquidity by selling all mined Bitcoins.
