Bitdeer Embraces US Mining Amidst Profit Slump and Tariff Changes

Crypto mining company Bitdeer is strategically shifting its business model, capitalizing on a 90-day tariff pause to increase self-mining operations within the U.S. The company, listed on Nasdaq and founded by crypto pioneer Jihan Wu, is facing declining profitability and reduced demand for Bitcoin mining hardware, prompting this strategic change. To address these challenges, Bitdeer will move away from selling machines to third parties and embrace self-mining in the United States. 2025 will see them begin domestic manufacturing of their rigs as a result of previous tariffs.