Bitdeer Doubles Mining Capacity, Aims for Top 5 Ranking Amidst Industry Changes

Cryptocurrency mining giant Bitdeer has taken a decisive step by quadrupling its self-operated mining capacity in August 2025. This strategic move positions the company among the top global miners, despite declining demand for mining machines. Bitdeer’s aggressive expansion is driven by CEO Jihan Wu’s ambition to secure a top five global ranking. The company’s aim reflects a shift towards self-mining as Bitdeer aims to directly compete with its own customers, highlighting growing tension in the cryptocurrency sector.