Bitdeer Breaks Ground on Nevada Factory Despite Bitcoin Hashprice Squeeze
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Key Takeaways
- The $36 million facility in Sparks, Nevada, will be Bitdeer’s first domestic manufacturing and assembly site in the U.S.
- The plant is scheduled to be completed by late 2026 with a target production capacity of 10,000 SEALMINER units per month.
Bitdeer (NASDAQ: BTDR) broke ground on a $36 million advanced electronics manufacturing facility in Sparks, Nevada, marking the company’s first domestic manufacturing and assembly footprint in the U.S., despite bitcoin mining economics remaining near record-low levels.
The 187,000-square-foot plant is expected to be completed by the end of 2026 and produce 10,000 SEALMINER units per month, the company said Thursday. The project is said to create about 70 local jobs across engineering, skilled technician and support roles.
The investment expands Bitdeer’s U.S. presence beyond its mining and data center operations, adding a domestic production base for its proprietary mining machines. The facility will complement Bitdeer’s existing U.S. data centers and its innovation hub in San Jose, California, the company said.
The timing underscores a counter-cyclical bet by Bitdeer, which is continuing to invest in bitcoin mining hardware capacity even as hashprice has fallen to levels that have pressured operators across the industry. Hashrate Index showed spot hashprice at about $29.81 per PH/s/day, while Luxor previously noted that hashprice hit a daily all-time low of $27.89 on Feb. 24 and that March marked a record-low monthly average of $31.27.
