As nearly all major Bitcoin miners race to pivot into artificial intelligence, one company is taking the opposite path. Bitdeer Technologies has unveiled a $36 million facility in Sparks, Nevada, to manufacture components for its SEALMINER rigs directly in the United States.
The market responded warmly. Bitdeer shares surged 14.1% on Thursday to $14.33 - although still roughly 27% below their June peak and up about 26% year-to-date. Commercial production is scheduled to begin before the end of 2026.
Betting on Rigs, Not AI Servers
According to CEO Catherine Guo, the Singapore-based company is developing the project alongside Nevada Governor Joe Lombardo’s administration, complete with tax incentives including sales tax abatements. The facility is explicitly focused on Bitcoin mining equipment - not AI hardware. The goal: to reduce reliance on third-party suppliers and maintain full control over its own hardware production.
The move is particularly striking because it goes against the tide. On the same day, MARA Holdings announced plans to acquire land in Texas with up to 2 gigawatts of capacity for AI and digital infrastructure projects. A week earlier, TeraWulf signed a 20-year data center lease with AI startup Anthropic, estimated to generate around $19 billion over the contract’s term.
Numbers Backing the Conviction
Bitdeer’s decision is not without foundation. Its latest production report shows the company mined 921 Bitcoin in May - a 370% surge compared to the same month a year earlier. With booming production and now a domestic assembly plant, Bitdeer is betting that Bitcoin mining still has a future worth fighting for, even as its peers rush to hang “AI data center” signs.
The question is simple yet defining: in an era when power and chips are more profitably directed toward AI models, is Bitdeer’s loyalty to mining rigs a long-term vision - or an expensive stubbornness? The next few quarters will provide the answer.
Reported by crypto.news.
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
