Bitdeer Prioritizes Mining to Weather Tariff Turmoil
With demand for Bitcoin mining rigs faltering, Bitdeer will focus on using its rigs to mine Bitcoin for itself.
Source: Bloomberg
This article is for subscribers only.
Nasdaq-listed Bitcoin mining firm Bitdeer Technologies Group is doubling down on its self-mining operations while pushing ahead with plans to make machines in the US, as it confronts a cooling crypto market and mounting uncertainty over US trade policy.
With demand for Bitcoin mining rigs faltering, Singapore-headquartered based Bitdeer will focus on using its rigs to mine Bitcoin for itself — rather than selling them to other miners, according to Jeff LaBerge, head of capital markets and strategic initiatives at the company.