#Bitdeer Expands Self-Mining Operations as Rig Sales Weaken


Bitdeer Technologies Group is accelerating its self-mining operations amid declining demand for mining rigs. The $BTC mining and infrastructure company is shifting its strategy to remain competitive during the current market cycle by deploying more equipment internally.


Bloomberg reported Thursday that Bitdeer is pivoting toward mining $BTC with its own hardware, effectively competing with clients who purchase its rigs. The company's latest filings reveal significant year-over-year expansion of mining capacity in August alongside stated ambitions to become one of the world's top five Bitcoin miners.


Bitdeer appears close to achieving that target after mining 375 $BTC in August. The output ranked sixth globally behind MARA Holdings, IREN, Cango, CleanSpark and Riot Platforms, according to industry data. The company nearly tripled its proprietary hashrate to 22.5 exahashes per second between December 2024 and July 2025.


Industry publication The Miner Mag identified a broader trend among #hardware manufacturers seeking to offset subdued rig sales by monetizing their own mining capacity. Both Canaan and Bitdeer were cited as examples of companies deploying surplus inventory in-house rather than shipping to customers.

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October 10, 2025 at 11:44 AM
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