TLDR:
- Bitdeer shifts from selling rigs to mining its own Bitcoin, increasing internal hashrate to 22.5 EH/s.
- Weak rig demand pushes hardware makers like Canaan and Bitdeer to deploy surplus equipment in-house.
- Mining margins tighten after 2024 halving as network difficulty rises despite Bitcoin hitting new highs.
- Miners diversify into AI and data infrastructure, repurposing facilities for stable, long-term revenue streams.
Bitdeer Technologies Group is shifting toward self-mining operations to address weakening demand for Bitcoin mining rigs.
A recent report indicated that Bitdeer is scaling its internal mining efforts, deploying its own equipment rather than relying solely on customer orders. The company mined 375 BTC in August, placing it sixth among global Bitcoin miners, according to industry data.
Bitdeer’s filings show a sharp increase in mining capacity in recent months. Its proprietary hashrate rose to 22.5 exahashes per second between December 2024 and July 2025. This move positions Bitdeer closer to its goal of becoming one of the world’s top five Bitcoin miners.
Shift in Industry Strategy as Hardware Demand Cools
The broader mining hardware industry is experiencing a strategic shift as companies adapt to lower rig demand.
According to The Miner Mag, firms like Canaan and Bitdeer are now deploying surplus inventory for their own use. The newsletter explained that “surplus inventory that once would have been shipped to customers is now being deployed in-house.”
Wolfie Zhao, analyst at The Miner Mag, said to Bloomberg,
“large miners are expected to remain cautious on fleet expansion for the foreseeable future.”
This trend points toward a more conservative approach in hardware deployment as market conditions evolve.
Bitcoin Mining Faces Tight Margins Despite High Prices
Bitcoin has recently reached new all-time highs, surpassing $126,000, but mining economics remain under pressure.
The 2024 halving reduced block rewards, tightening revenue for miners. At the same time, Bitcoin’s network difficulty continues to climb, making it more costly to mine new blocks.
To offset these challenges, several firms are exploring new revenue sources. Companies like Hive Digital, IREN, and TeraWulf have expanded into AI hosting and high-performance computing. These services allow miners to diversify beyond traditional cryptocurrency mining operations.
Additionally, as global demand for artificial intelligence infrastructure rises, some Bitcoin miners are adapting by repurposing their facilities. Upgraded mining sites are now being used to serve data-intensive workloads. Others are leasing spare capacity to AI companies, offering more stable income streams amid volatile crypto prices.
Bitdeer has also drawn attention from investors. In April, stablecoin issuer Tether disclosed a $32 million investment in Bitdeer shares, as we reported. This move shows continued interest in the mining sector, even as companies adjust to changing market conditions.