{"id":127230,"date":"2025-04-15T18:17:06","date_gmt":"2025-04-15T18:17:06","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127230"},"modified":"2025-04-15T18:17:06","modified_gmt":"2025-04-15T18:17:06","slug":"bitdeer-turns-to-self-mining-bitcoin-us-operations-amid-tariff-tumult-report","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127230","title":{"rendered":"Bitdeer turns to self-mining Bitcoin, US operations amid tariff tumult \u2014 Report"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin miner Bitdeer is reportedly expanding its self-mining operations and investing in United States-based production as looming trade wars rock global supply chains and cryptocurrency markets.\u00a0<br \/>\nBitdeer has begun prioritizing mining Bitcoin (BTC) itself in response to cooling demand for its mining hardware from other miners, Bloomberg reported on April 15.<br \/>\n\u201cOur plan going forward is to prioritize our own self-mining,\u201d Jeff LaBerge, Bitdeer\u2019s head of capital markets and strategic initiatives, reportedly said.\u00a0<br \/>\nAdditionally, Bitdeer plans to scale US hardware manufacturing in the second half of the year as US President Donald Trump touts plans to penalize foreign imports and promote domestic manufacturing, Bloomberg said.<br \/>\n\u201cThis is something we\u2019ve been planning for a long time,\u201d LaBerge said about the manufacturing plans. \u201cWe want to bring jobs and manufacturing back to America.\u201d<br \/>\nIn April, Trump tipped plans for sweeping tariffs on US imports.\u00a0The Bitcoin network is especially vulnerable to trade barriers since mining hardware involves complex global supply chains.<br \/>\nBitcoin\u2019s hash price is near all-time lows. Source: Hashrate IndexRelated: Tariffs, capital controls could fragment blockchain networks \u2014 Execs<br \/>\nSector-wide struggles<br \/>\nBitcoin miners \u2014 including Bitdeer \u2014 have struggled in 2025 as volatile crypto markets worsen the impact of the Bitcoin network\u2019s April 2024 halving.\u00a0<br \/>\nIn February, Bitdeer\u2019s stock dropped by roughly 28% after the Bitcoin miner announced lower-than-expected earnings and revenues for the fourth quarter of 2024.\u00a0<br \/>\nBitdeer\u2019s \u201clower performance compared to Q4 2023 was primarily driven by the impact of the April 2024 halving,\u201d among other factors, Harris Bassett, Bitdeer\u2019s chief strategy officer, said during Bitdeer\u2019s earnings call.\u00a0<br \/>\nEvery four years, the amount of BTC mined per \u201cblock\u201d \u2014 a bundle of transaction data stored on the blockchain \u2014 is cut in half. The April 2024 halving reduced mining rewards from 6.25 BTC to 3.125 BTC per block.<br \/>\nBitcoin price versus stocks. Source: 21SharesSince then, mining revenues and gross profits have dropped by an average of 46% and 57%, respectively, JPMorgan said previously in a research note shared with Cointelegraph.\u00a0<br \/>\nMeanwhile, Bitcoin\u2019s hash price \u2014 a measure of miner profitability \u2014 has sunk to nearly all-time lows, according to data from the Hashrate Index.\u00a0<br \/>\nIn 2024, Bitdeer tried to offset declining mining revenues by selling its own energy-efficient Bitcoin mining rigs. However, sales growth has been limited and did not offset weakness in other business lines in Q4.\u00a0<br \/>\nThe market turbulence comes as Bitcoin Trump family-backed crypto mining operation American Bitcoin reportedly is considering an initial public offering.\u00a0<br \/>\nMagazine:\u00a0Memecoin degeneracy is funding groundbreaking anti-aging research<a href=\"https:\/\/cointelegraph.com\/news\/bitdeer-turns-to-self-mining-amid-tariff-tumult-report?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin miner Bitdeer is reportedly expanding its self-mining operations and investing in United States-based production as looming trade wars rock global supply chains and cryptocurrency markets.\u00a0 Bitdeer has&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127230"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127230"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127230\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127230"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}