Bitdeer stock jumps 14% as company expands US mining hardware production
Bitdeer Technologies Group rose 14.1% after announcing a $36 million manufacturing facility in Sparks, Nevada, which will expand US production of its SEALMINER Bitcoin mining hardware and reduce dependence on third-party suppliers. Commercial production is expected by year-end. The company said it secured tax incentives with support from Nevada officials, including reduced qualifying sales taxes. The stock rebounded from an earlier selloff, though it remains well below its June high and is up for the year. Bitdeer also continues to broaden into AI cloud and high-performance computing, but the new Nevada plant is dedicated to Bitcoin mining equipment. The move comes as other miners increasingly shift toward AI and digital infrastructure. Bitdeer reported mining 921 BTC in May, up sharply from a year earlier.
