The tariffs started by President Trump also have various side effects. One of them comes in the form of BTC mining machines. BitDeer is a big player in this field. Their main office is in Singapore.
However, they also have data centers in the United States, Norway, and Bhutan. They’re now planning to bring BTC mining machines to the US. So, let’s find out what’s cooking at BitDeer, their BTC mining, and the tariffs.
What’s Happening with BitDeer’s BTC Mining?
The BitDeer Technologies Group is listed on Nasdaq. Although it has worldwide representation, demand for BTC mining rigs is falling. As a result, BitDeer is looking at self-mining instead of selling their gear. It plans to move rigs from Southeast Asia to the US.
According to Bloomberg, BitDeer, led by Jihan Wu, plans to take advantage of the 90-day tariff suspension period to ship mining machines from Southeast Asia to the United States, and will start production in the United States in the second half of this year; the company will…
— Wu Blockchain (@WuBlockchain) April 15, 2025
BitDeer plans to use the 90-day tariff pause to do this. The tariffs have thrown a spanner in the supply chains for BTC mining rigs. Most of the assembly happens in Southeast Asia and China. On top of this, mining operators also had to face the Bitcoin halving. This also reduced their income.
Furthermore, the hash price is also down. That’s the daily revenue a miner can expect to earn per unit of hash power. You can see it as the market value of converting electricity into hashing power for Bitcoin. In other words, you can measure the profitability of your mining efforts. Here’s a picture of the hash rate index over the last year.
Source: Hashrate Index
So, BTC mining companies are facing harsh times. That’s why BitDeer came up with this new direction. This includes self-mining. However, some rigs are also redirected to Norway and Bhutan. That’s the case with various pre-ordered machines. Some customers have postponed delivery.
Another plan to cut supply chain risks is to start manufacturing in the US. This plan was already in the pipeline. The tariffs have sped this up. Trump must love how this little game plays out. It allows for jobs and manufacturing in the US.
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