Bitdeer Shares Surge 14% on New Nevada Mining Hardware Plant

Shares of Bitdeer Technologies Group jumped 14.1% to $14.33 on Thursday after the company announced a $36 million manufacturing facility in Nevada. The rally helped the stock fully recover from a selloff earlier in the week, though it remains about 27% below its June peak. Bitdeer is still up 26% for the year.

New Facility to Build SEALMINER Hardware

The plant, located in Sparks, Nevada, will assemble components for Bitdeer’s SEALMINER line of Bitcoin mining machines. Commercial production is expected to start by the end of the year. The move gives Bitdeer greater control over its hardware supply chain and reduces dependence on outside manufacturers.

Bitdeer CEO Catherine Guo said the Singapore based company worked closely with Nevada Governor Joe Lombardo’s administration to secure incentives, including reduced sales taxes, before choosing the state for its new operations.

Wider Trend Among Bitcoin Miners

The expansion comes as major mining companies increasingly diversify into AI and high-performance computing. MARA Holdings recently moved to acquire a Texas site offering up to 2 gigawatts of capacity, while TeraWulf signed a 20-year data center lease with AI company Anthropic. Bitdeer itself mined 921 BTC in May, a 370% jump from the previous year.