BitDeer Plans U.S. BTC Mining Expansion Amid Tariff Pause
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BitDeer Technologies Group, a Nasdaq-listed company, plans to expand Bitcoin mining operations in the United States by relocating mining rigs from Southeast Asia during a 90-day tariff suspension. The company is pivoting towards self-mining due to falling demand for mining equipment and challenging market conditions like reduced hash prices.
April 16, 2025 | 10:45 am
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POSITIVE IMPACT
Company plans to shift mining operations to the US, potentially improving operational efficiency and reducing supply chain risks
Strategic move to mitigate tariff impacts, diversify operations, and potentially improve profitability by localizing production
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100