Bitdeer Technologies Group intends to take advantage of the 90-day pause in US tariffs to import mining equipment from Southeast Asia to the United States.

Bitdeer, the Nasdaq-listed Bitcoin (BTC) mining company founded by cryptocurrency mogul Jihan Wu, is facing falling profits and declining interest in its Bitcoin mining hardware, according to Bloomberg.

In response, the Singaporean company is deciding to move to its own mining operations rather than selling its equipment to other operators. It also plans to start manufacturing in the US due to the Trump administration's tariff policies.

“Going forward, we are going to focus on our own cryptocurrency mining,” said Jeff Laberge, head of capital markets and strategic initiatives at Bitdeer.

The move comes as Bitcoin's hash rate — a measure of mining profitability — remains at historic lows following last year's halving event that reduced block rewards. At the same time, U.S. tariffs under President Trump's trade policies are disrupting the supply chain for rigs mostly made in Asia.

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Made in the USA

Bitdeer also plans to begin manufacturing in the US in the second half of 2025, aiming to reduce its reliance on overseas manufacturing and create jobs in the United States.

Although chips from Taiwan's TSMC are currently duty-free, the company is preparing for possible price increases.

Some customers have delayed orders for drilling rigs, forcing Bitdeer to redirect inventory to its own facilities in Bhutan and Norway.

The company currently operates approximately 900 megawatts of mining capacity worldwide and plans to increase this to 2.6 gigawatts by 2026.

The company is also exploring new markets, including Canada and Ethiopia, and adapting its data centers in Texas and Ohio to support artificial intelligence and high-performance computing.

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Source: cryptonews.net