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Woofun AI reports that Bitdeer, the Nasdaq-listed Bitcoin mining entity founded by Jihan Wu, has committed to constructing its first United States manufacturing facility in Nevada. This strategic pivot marks a departure from Wu’s earlier tenure at Bitmain, the world’s largest manufacturer of Bitcoin mining hardware, as the company seeks to localize production capabilities.
The $36 million investment targets a new plant in Sparks, Nevada, designed to achieve operational status by the end of this year. Once active, the facility is projected to manufacture up to 10,000 mining rigs per month, establishing a tangible domestic output capacity for the firm.
Structurally, this expansion addresses vulnerabilities in the global supply chain. By shifting production away from Asia, Bitdeer aims to mitigate risks associated with geopolitical uncertainties and trade tensions that have historically disrupted hardware imports. The move is intended to reduce dependency on overseas suppliers while enhancing service delivery for the North American market.
Per Woofun AI, the corporate trajectory of Bitdeer is deeply rooted in Wu’s exit from Bitmain in 2019 following internal disputes. Since launching the company, Wu has transformed it into a major mining operator and service provider, now listed on the Nasdaq under the ticker BTDR.
Financially, the infrastructure push aligns with a strict liquidity strategy adopted since February. Bitdeer has implemented a "zero BTC" policy, selling all mined Bitcoin rather than holding it as a reserve asset. This approach contrasts with industry peers who accumulate Bitcoin, prioritizing operational cash flow to fund expansions like this Nevada facility, potentially aided by incentives such as the CHIPS Act.
While Bitmain continues to ship hundreds of thousands of units annually, Bitdeer’s monthly output of 10,000 rigs represents a modest fraction of global production. Nevertheless, the project signals growing confidence in the US as a viable hub for specialized crypto hardware. Completion by year-end will create local jobs and solidify Bitdeer’s transition into a vertically integrated hardware manufacturer.