Singapore-based Crypto Mining Platform Bitdeer has announced plans to expand the production of US mining rigs amid declining profits. Bitdeer CFA Jeff Laberge said he hopes his company will ride the Trump tariff headwinds, even if it hurts the supply chain of miners.
label praise Trump’s approach says it created something that should be considered more. He also said the policy supports energy. Laberge believes Bitcoin-friendly tariff resolution will be implemented to ensure companies such as Bitdeer can thrive. Recently cryptopolytan It has been reported That tether invested more than $400 million to acquire a 21.4% (31.8m shares) stake in BitDeer.
Miner hopes to start manufacturing mining rigs in the US this year, ultimately helping to grow their self-employed business. Bitdeer noted that many of its competitors are also considering moving production to the US, but made it clear that even as BTC holds continue to increase, there are no plans to relocate itself as a treasury company.
Laberge says BitDeer is more practical
The CFA said his company is not about to be considered the BTC Treasury, adding that miners are more practical than ideal for including BTC in their balance sheets. He added that having Bitcoin on the company’s balance sheet is not part of their identity. The company also acknowledged that BTC mining faces challenges ranging from rising costs to declining rewards to increasing uncertainty in the macroeconomic environment.
One financial analyst I insisted That the miners’ second quarter results demonstrated that the company’s bet on vertical integration is paying off. Analysts believe the company has transformed from BTC miners alone into a major industry technology provider. The manufacturing and commercialization of Sealminer A2 Miners provided a cost advantage and growth engine for the company’s operations.
However, analysts observed that Bear is likely to point out the risks associated with the company’s high cash burning from R&D and SG&A, increased debt balances, and its expansion plans. Analysts believe the high operating expenses reported in the second quarter of $42.3 million represent significant quarterly cash burning. Bitdeer spending should be supported by sustained revenue growth, but its profitability remains sensitive to BTC prices and high innovation costs. Analysts also believe the company needs to handle an increase in its debt load, reaching $533 million.
Bitdeer focuses on rapid growth
Matt Kong, Chief Business Officer of Bitdeer; I said On August 18th, his company was now looking forward to rapid growth. Especially with self-mining hashrate. He noted that Q2 marked a key point of refraction and that his company was on track to achieve that goal throughout the rest of the year. Kong added that he hopes his company will improve its financial results on a continuous basis in H2 2025.
The CBO also claimed that the company is aiming to achieve its 40EH/s target at the end of October. He explained that the company is likely to exceed its 2025 target due to improved wafer supply allocations for foundries.
Kong continues to reveal his company’s R&D plans, revealing that miners are targeting the 5j/TH chip efficiency of the SealMiner A4 project. He noted that his company also made significant advances in July with the expansion of its US engineering team and the development of customized silicon software. Kong said these developments have made his company firmly positioned as the leading supplier of the most energy-efficient mining rigs in the industry. The CBO believes this will help improve the company’s competitiveness and bring out the value of its customers and shareholders.
Kong concluded that his company is keen to activate more data centers. He noted that miners have activated 361 MW of self-mining data center capacity, bringing the miners’ power capacity to approximately 1.3 GW. Kong expects this to increase to above 1.6 GW by the end of this year. The Clarrington, Ohio site has a capacity of almost 570 MW.
