Bitdeer expands U.S. mining hardware production in Nevada as stock rises

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Bitdeer Nevada mining expansion

Highlights

Bitdeer will open a manufacturing facility in Sparks, Nevada to assemble SEALMINER Bitcoin mining machines, targeting commercial production by year-end.
Bitdeer shares surged 14.1% to $14.33 after the announcement, regaining losses from earlier in the week but still 27% below their June high.
Bitdeer mined 921 BTC in May, representing a 370% year-over-year increase, as it continues to expand both infrastructure and core mining operations.

Nevada plant backs in-house manufacturing push

As reported by Cointelegraph, Bitdeer says it will build a manufacturing facility in Sparks, Nevada, to assemble its SEALMINER line of Bitcoin mining machines. The plant is expected to produce key mining hardware components, with commercial production due to begin by the end of the year.

The Singapore-based company’s stock climbs 14.1% to $14.33, fully recovering from a selloff earlier in the week. Even after Thursday’s rally, the shares remain about 27% below their June high, though they are still up 26% year-to-date.

Chief executive Catherine Guo tells local media that Bitdeer works with Nevada Governor Joe Lombardo’s administration and local authorities to secure tax incentives as part of the move. Those incentives include a reduction in qualifying sales taxes tied to the decision to establish operations in the state.

Crypto miners widen infrastructure strategies

Bitdeer’s investment comes as several large Bitcoin mining companies expand into artificial intelligence and high-performance computing, using their access to power and data center infrastructure to diversify beyond cryptocurrency mining. Although Bitdeer has also moved into AI cloud services and HPC, the new Nevada facility is dedicated to Bitcoin mining hardware manufacturing.

Other listed miners are also broadening their infrastructure footprint. MARA Holdings says on Thursday that it plans to acquire a Texas site with up to 2 gigawatts of capacity to grow its AI and digital infrastructure business, while TeraWulf earlier this week signs a 20-year data center lease with AI startup Anthropic that the company says could generate about $19 billion in contract revenue.

Bitdeer, however, continues to pair its infrastructure expansion with growth in core mining operations. In its latest production update, the company says it mined 921 BTC in May, up 370% from a year earlier.

Our earlier article on Marathon Digital’s Texas powered-site acquisition explained how the $600 million deal could more than double MARA’s potential power capacity and support its shift beyond pure Bitcoin mining toward AI and broader digital infrastructure. We also noted that, despite the stock’s jump, technical signals were mixed, with oversold readings and key levels highlighting both upside potential and downside risk depending on momentum.

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