Bitcoin (BTC) mining company Bitdeer is expanding its mining share and accelerating manufacturing investments in the United States in response to intensifying global trade conflicts. This is interpreted as a survival strategy for the cryptocurrency market, which is wavering amid global supply chain instability.
According to Bloomberg, Bitdeer is focusing on a 'self-mining' strategy to respond to decreased mining equipment demand. Jeff LaBerge, who oversees capital market and strategic initiatives, stated, "Our future strategy will prioritize our own mining," explaining that this approach complements the limitations of the existing equipment sales model.
Considering Donald Trump's emphasis on tough tariff policies for external imports and US manufacturing revival, Bitdeer plans to expand mining equipment production in the United States from the second half of the year. LaBerge noted, "We have been preparing this plan for a long time and want to contribute to job creation and manufacturing base recovery in the United States."
In April, President Trump suggested large-scale import regulations and tariffs. This could significantly impact the Bitcoin mining industry, which depends on global supply chains. Mining equipment, in particular, requires components and production processes from various countries and is directly affected by tariff barriers.
The Bitcoin mining industry has been experiencing substantial difficulties since 2025. After the halving event last April, mining rewards were halved from 6.25 BTC to 3.125 BTC, and both mining profitability and stock prices declined. Bitdeer's stock price also dropped by approximately 28% in February when its Q4 2024 performance fell below market expectations.
Harris Bassett, Bitdeer's chief strategy officer, cited the direct impact of the halving as the primary reason for year-on-year performance decline, highlighting margin reduction and decreased mining profitability. According to JPMorgan, mining revenue and gross profit have decreased by an average of 46% and 57%, respectively, after the halving.
The Hashrate Index suggests that the hash price, which indicates mining profitability, is approaching an all-time low. While Bitdeer attempted to diversify revenue by launching energy-efficient mining machines in 2024, related sales remained limited and did not compensate for overall performance decline.
Meanwhile, American Bitcoin, a cryptocurrency mining company supported by the Trump family, is reportedly considering an initial public offering (IPO). As pro-cryptocurrency sentiment spreads in the United States, attention is focused on how political and business sector interest and policy changes will impact the overall industry structure.
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