Bitdeer Technologies Group has broken ground on its first U.S. manufacturing and assembly site, setting up a new base for SEALMINER production in Sparks, Nevada.
The company announced on Thursday that it is investing $36 million in the 187,000-square-foot advanced electronics facility. The project covers the plant, equipment, and construction. Bitdeer expects the site to be completed by the end of 2026 and produce 10,000 SEALMINER units per month.
Notably, Bitdeer shares traded at $13.29 at press time, up 6 percent for the day. The stock gained $0.76 from its previous close of $12.56, according to Google Finance. The company’s market value stood near $1.84 billion, while intraday trading ranged between $12.79 and $13.55.
Meanwhile, the move gives Bitdeer a local manufacturing base at a time when Bitcoin miners are under pressure from low hashprice, rising network difficulty, and weaker post-halving margins. It also expands the company’s U.S. footprint beyond its data centers and its innovation hub in San Jose, California.
Bitdeer brings SEALMINER production to Nevada
Bitdeer said the Sparks facility will become its first domestic manufacturing and assembly site in the U.S. The company described the plant as part of its broader push to support AI and Bitcoin mining infrastructure.
The facility is expected to create 70 local jobs across engineering, skilled technician, and support roles. Bitdeer said the site will also support Northern Nevada’s electronics manufacturing sector, which has attracted more technology and logistics projects in recent years.
Paul Hanson, chairman of Bitdeer Industrial, said the site fits the company’s plan to build a stronger supply chain and serve U.S. customers faster.
“The Sparks facility reflects our strategy to strengthen supply chain resilience while being closer and more responsive to onshore customers,” he said.
The company also said the Nevada location gives it access to logistics networks, skilled workers, and a business-friendly environment. Catherine Guo, CEO of Bitdeer Industrial, said the investment would place the company deeper into Nevada’s economy and local workforce.
Factory comes as Bitcoin mining margins stay tight
The Nevada factory comes during a difficult period for Bitcoin mining economics. Hashprice, which measures miner revenue per unit of computing power, has stayed near low levels in 2026. Hashrate Index data showed hashprice near $29 per PH/s/day this week, while Luxor previously said February 24 marked a daily all-time low of $27.89.
Luxor also said March 2026 recorded a monthly average hashprice of $31.27 per PH/s/day, the lowest monthly average on record. That pressure has made efficiency more important for miners because older machines can become less profitable when power costs remain high.
The squeeze reflects several forces at once. The April 2024 Bitcoin halving cut block subsidies, while network hashrate has remained high. At the same time, weak transaction-fee revenue has left many miners earning less for the same amount of computing power.
This environment makes newer mining machines more important for operators that can still invest. More efficient rigs can help lower electricity costs per terahash. They can also help miners retire older hardware that no longer works well under current market conditions.
Bitdeer leans on hardware and data centers
Bitdeer was founded by Jihan Wu, co-founder of Bitmain, after he left Bitmain. His background matters because Bitmain has long been one of the largest names in Bitcoin mining hardware.
Bitdeer has been building its own SEALMINER machines as part of a broader vertical integration strategy. In April, the company launched the SEALMINER A4 series, which uses its self-developed SEAL04 chip. The A4 line included models with a reported top efficiency of 9.45 joules per terahash.
That hardware push sits beside Bitdeer’s mining and data center operations. In its May operating update, the company reported 921 Bitcoin mined for the month. It also reported self-mining hashrate of 70.2 EH/s and AI Cloud annual recurring revenue of about $69 million.
Bitdeer has also been expanding outside the U.S. On June 29, the company said its subsidiary Tydal Data Center AS signed a colocation lease agreement for its Norway AI data center site. Earlier in June, Bitdeer broke ground on a $155 million energy and high-performance computing facility near Fox Creek, Alberta.
Miners balance Bitcoin production and AI demand
Bitdeer’s Nevada project comes as many mining companies look for new ways to protect revenue. Some are buying more efficient machines. Others are using power assets for AI and high-performance computing.
As previously reported by The Coin Headlines, Core Scientific sold $208.3 million worth of Bitcoin in the first quarter of 2026 as it moved deeper into AI data centers. Its AI colocation revenue passed mining revenue for the first time, showing how fast the company’s business mix changed.
In addition, Hut 8 signed a $200 million credit facility with FalconX, as we reported in May. That move came as miners used Bitcoin-backed financing to manage liquidity while avoiding direct BTC sales.
More recently, The Coin Headlines reported that South Korean digital asset firm Bitplanet partnered with Antalpha to launch Bitcoin mining operations. That plan focused on mining Bitcoin through low-cost power sites in Oman and Paraguay instead of only buying BTC for a treasury.
Bitdeer’s approach is different. The company is adding U.S. manufacturing capacity while also building mining, AI, and data center assets. The Nevada plant gives it a domestic base for SEALMINER production, which may support miners that need faster access to hardware.
The project does not remove the pressure facing Bitcoin miners. Hashprice remains weak, and miners still depend on power costs, Bitcoin’s price, network difficulty, and machine efficiency.
Still, Bitdeer’s investment shows that some firms are still spending through the downturn to control more of the mining supply chain.
