Bitcoin mining company Bitdeer prioritizes the development of self operated mining business to cope with tariff fluctuations

According to Bloomberg, due to weak demand for Bitcoin mining equipment, Singapore based Bitdeer will focus on using its own mining equipment to mine Bitcoin, rather than selling it to other miners. According to Jeff LaBerge, the head of capital markets and strategic planning at the company, Bitdeer Technologies Group is doubling its investment in self operated mining operations while advancing plans to manufacture equipment in the United States to cope with the cooling of the cryptocurrency market and increasing uncertainty in US trade policies. In addition, Bitdeer plans to take advantage of Trump's 90 day tariff suspension announced on April 10th to transport equipment from Southeast Asia to the United States. But some customers have postponed the delivery of pre ordered equipment, in which case the company has shifted the equipment to its own sites outside the United States - specifically in Bhutan and Norway. Although the specialized chips used to manufacture mining equipment (from Taiwan's TSMC) are currently exempt from Trump's tariffs, Bitdeer is preparing for rising costs. According to a recent investor introduction, Bitdeer currently has approximately 900 megawatts of mining capacity worldwide and plans to expand it to 2.6 gigawatts by 2026. The company is also expanding its global business footprint, entering new markets such as Canada and Ethiopia, while advancing its strategic transformation towards artificial intelligence and high-performance computing. Bitdeer operates data centers in Texas and Ohio, some of which exceed 500 megawatts, and these data centers are considered suitable for artificial intelligence workloads.