Bitdeer builds $36M Nevada factory
- Bitdeer Technologies will spend US$36 million on a Nevada factory for SEALMINER Bitcoin mining machines.
- The company's shares climbed 14.1% to US$14.33 after the announcement.
- Bitdeer said the factory will grow US production and reduce its reliance on outside suppliers.
Bitdeer Technologies shares jumped 14.1% after the company announced a US$36 million factory in Nevada to build SEALMINER Bitcoin (CRYPTO:BTC) mining machines.
The stock closed at US$14.33, recovering earlier losses, but remained about 27% below its June high.
Bitdeer said the Sparks factory will start commercial production by the end of 2026 and will make key mining hardware parts.
The company also said Nevada tax incentives helped support the investment decision, including lower qualifying sales taxes.
Other Bitcoin miners are also expanding, with MARA Holdings growing its AI business and TeraWulf signing a 20-year data centre lease.
Bitdeer mined 921 Bitcoin in May, up 370% from a year earlier, and following the announcement the Bitdeer share price was up 14.1% at US$14.33.
At the time of reporting, Bitcoin price was $63,194.07.
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