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 throughout the present Bitcoin bull market.
In response to an Oct. 9 Bloomberg report, Bitdeer is accelerating its pivot towards mining Bitcoin (BTC) by itself gear, successfully competing with the identical shoppers that buy its rigs.
The report cited Bitdeer’s newest filings displaying a significant year-over-year growth of its mining capability in August and its acknowledged purpose of turning into one of many world’s high 5 Bitcoin miners.
Bitdeer seems to be nearing that focus 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 keeping with trade information.
Business publication The Miner Magazine just lately famous a broader pattern 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 circumstances, surplus stock that when would have been shipped to prospects is now being deployed in-house,” The Miner Magazine wrote in its Miner Weekly publication on Sept. 4.
Wolfie Zhao, an analyst at The Miner Magazine, instructed Bloomberg that he expects “massive miners to stay cautious on fleet growth for the foreseeable future.”
Associated: Bitcoin mining stocks outperform BTC as investors bet on AI pivots
Bitcoin miners proceed to diversify at the same time as BTC value hits new all-time highs
As Bitcoin continues its record-breaking bull run, recently surpassing $126,000, mining economics have grown more and more difficult, significantly following the 2024 halving that reduce block rewards in half.
In response, a number of mining corporations are diversifying their enterprise fashions, deploying {hardware} towards new workloads resembling synthetic intelligence and information middle infrastructure. Latest examples embrace Hive Digital, IREN and TeraWulf, which have expanded into AI internet hosting or high-performance computing providers.
In the meantime, Bitcoin’s network difficulty — a measure of how arduous it’s to mine new blocks — continues to climb to recent all-time highs, extending a long-term pattern that has tightened margins and working circumstances for main miners.
With AI compute demand surging and main tech corporations pledging lots of of billions of {dollars} in new information middle investments, miners are discovering recent alternatives by repurposing or upgrading current services to serve that market.
As Cointelegraph explained, some miners are additionally leasing extra capability to AI corporations, making a extra steady income stream during times of crypto value volatility.
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