Bitdeer Applied sciences Group (BTDR), a Bitcoin mining and infrastructure firm, is ramping up its self-mining operations amid weakening demand for mining rigs — highlighting how some {hardware} makers are shifting methods to remain aggressive in the course of the present Bitcoin bull market.
In keeping with an Oct. 9 Bloomberg report, Bitdeer is accelerating its pivot towards mining Bitcoin (BTC) by itself tools, successfully competing with the identical purchasers that buy its rigs.
The report cited Bitdeer’s newest filings displaying a serious year-over-year enlargement of its mining capability in August and its said purpose of turning into one of many world’s high 5 Bitcoin miners.
Bitdeer seems to be nearing that concentrate on. The corporate mined 375 BTC in August, rating sixth globally behind MARA Holdings (MARA), IREN (IREN), Cango (CANG), CleanSpark (CLSK) and Riot Platforms (RIOT), in line with business knowledge.
Trade publication The Miner Magazine just lately famous a broader development amongst {hardware} producers searching for to offset subdued rig gross sales by monetizing their very own mining capability. Each Canaan and Bitdeer have been cited as examples, with Bitdeer practically tripling its proprietary hashrate to 22.5 exahashes per second between December 2024 and July 2025.
“In each instances, surplus stock that when would have been shipped to clients is now being deployed in-house,” The Miner Magazine wrote in its Miner Weekly e-newsletter on Sept. 4.
Wolfie Zhao, an analyst at The Miner Magazine, informed Bloomberg that he expects “massive miners to stay cautious on fleet enlargement for the foreseeable future.”
Associated: Bitcoin mining shares outperform BTC as traders wager on AI pivots
Bitcoin miners proceed to diversify at the same time as BTC worth hits new all-time highs
As Bitcoin continues its record-breaking bull run, just lately surpassing $126,000, mining economics have grown more and more difficult, significantly following the 2024 halving that minimize block rewards in half.
In response, a number of mining firms are diversifying their enterprise fashions, deploying {hardware} towards new workloads reminiscent of synthetic intelligence and knowledge middle infrastructure. Current examples embody Hive Digital, IREN and TeraWulf, which have expanded into AI internet hosting or high-performance computing companies.
In the meantime, Bitcoin’s community problem — a measure of how arduous it’s to mine new blocks — continues to climb to recent all-time highs, extending a long-term development that has tightened margins and working circumstances for main miners.
With AI compute demand surging and main tech firms pledging lots of of billions of {dollars} in new knowledge middle investments, miners are discovering recent alternatives by repurposing or upgrading current services to serve that market.
As Cointelegraph defined, some miners are additionally leasing extra capability to AI firms, making a extra steady income stream in periods of crypto worth volatility.
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