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Bitdeer shares jump after $36 million Nevada mining hardware plant plan
Bitdeer said commercial production at the Sparks, Nevada facility is expected to start by the end of the year.
Bitdeer Technologies Group shares rose sharply after the Bitcoin mining infrastructure company announced a $36 million manufacturing facility in Nevada to build its SEALMINER Bitcoin mining machines, according to Cointelegraph.
Cointelegraph reports the plant is planned for Sparks and will assemble mining hardware and produce key components, with commercial production expected to begin by the end of the year. The company said the move is designed to expand its US production capacity and potentially reduce reliance on third-party suppliers for mining equipment.
Cointelegraph adds that Bitdeer CEO Catherine Guo said the company worked with Nevada Governor Joe Lombardo’s administration and local authorities to secure tax incentives, including a reduction in qualifying sales taxes, as part of the decision to establish operations in the state.
Cointelegraph also noted that the announcement comes as some public Bitcoin miners diversify into AI and high-performance computing, including MARA’s plan to acquire a Texas site with up to 2 gigawatts of capacity and TeraWulf’s 20-year data center lease with AI startup Anthropic.
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