Home / Business and Economy / Bitdeer Scales Up: Hash Rate Soars, Nevada Plant Begins
Bitdeer Scales Up: Hash Rate Soars, Nevada Plant Begins
23 Jul
Summary
- June 2026 hash rate reached 86.1 EH/s with 990 BTC self-mined.
- A $36 million Nevada plant will produce 10,000 SEALMINER units monthly.
- Investment hinges on vertical integration driving profits despite losses.
As of June 2026, Bitdeer Technologies Group has reported impressive operational results, marking a significant increase in its total hash rate under management to 86.1 EH/s. The company also achieved a self-mined Bitcoin output of 990 for the month, alongside an increase in mining rigs under management to 289,000.
In a strategic move to bolster its vertically integrated model, Bitdeer is investing US$36 million in an advanced electronics plant in Sparks, Nevada. This facility is slated to produce up to 10,000 SEALMINER units per month, reinforcing Bitdeer's hardware capabilities.
The company's investment narrative centers on its integrated approach to Bitcoin mining, ASIC hardware, and AI infrastructure. While the record Bitcoin production in June supports the growth in self-mining capacity, persistent concerns remain regarding high operating expenses, negative earnings, and a limited cash runway.
The new Nevada plant directly supports Bitdeer's ASIC commercialization catalyst. Successful scaling of SEALMINER production could mitigate R&D spending and margin pressures by enhancing flexibility in hardware, benefiting both mining economics and potential ASIC sales.
Despite record Bitcoin output, investors must consider the high upfront capital expenditures and tight liquidity, which continue to pose balance sheet risks for Bitdeer.
