Bitdeer Breaks Ground on $36M Nevada Plant for SEALMINER Production
BTDR sits 97% above its 52-week low of $6.916 on light trading volume (0.2× avg).
Summary
Bitdeer is building its first U.S. SEALMINER manufacturing facility in Sparks, Nevada, a $36 million investment that adds domestic hardware production to its vertically integrated model. The 187,000-square-foot plant targets 10,000 units per month by end of 2026, creating 70 jobs and shortening supply chains for U.S. data centers. This follows a year of rapid hashrate growth and expanding AI cloud revenue, reinforcing the company's shift toward infrastructure control. The move reduces reliance on overseas assembly and could improve margins and delivery times for its self-mining and client fleets.
At the time of this announcement, BTDR was trading at $13.64 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $3.3B. The 52-week trading range was $6.92 to $27.80. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: CryptoProwl.