- Bitdeer’s $36M Nevada factory will produce up to 10,000 SEALMINER rigs monthly by late 2026.
- The 187,000-square-foot Sparks facility becomes Bitdeer’s first U.S. manufacturing and assembly site.
- Record-low hash price continues squeezing Bitcoin mining margins after the 2024 halving and rising hashrate.
- Bitdeer mined 921 Bitcoin in May as its self-mining hashrate climbed to 70.2 EH/s year over year.
Bitdeer has started construction on a $36 million advanced electronics manufacturing facility in Sparks, marking its first U.S. manufacturing and assembly site. The project adds a domestic production base at a time when Bitcoin mining margins remain under heavy pressure.
According to an X post by WuBlockchain, the 187,000-square-foot Nevada factory is expected to be completed by the end of 2026 and produce up to 10,000 SEALMINER rigs each month. The site is also expected to create about 70 local jobs across engineering, skilled technician, and support roles.
Hash Price Slump Puts New Mining Capacity To The Test
The buildout comes as hash price, a key revenue measure for miners, remains near record-low levels. Hashrate Index showed spot hash price at about $29.81 per PH/s/day, while Luxor previously recorded a daily low of $27.89 on February 24. Luxor also noted that March posted a record-low monthly average of $31.27.
Those figures show how difficult the operating environment has become since the April 2024 halving. The event reduced block rewards, while a rising network hashrate and weak transaction-fee revenue further reduced income per unit of computing power.
As a result, profitability has become more concentrated among miners with low-cost electricity and newer machines. Older rigs, on the contrary, face longer payback periods, especially when revenue per unit of hashrate remains compressed.
To manage that pressure, Bitdeer is leaning further into vertical integration instead of relying only on outside hardware suppliers. The company has developed its own SEALMINER machines and has been deploying them across its self-mining fleet.
In April, it launched mass production of the SEALMINER A4 series, which has an efficiency of 9.45 joules per terahash. That matters as power efficiency is central to mining costs when Bitcoin production revenue is under pressure.
U.S. Manufacturing Push Expands Bitdeer’s Growth Strategy
The Nevada site also expands Bitdeer’s U.S. footprint beyond mining and data center operations. In addition, it will complement the company’s existing U.S. data centers and its innovation hub in San Jose, California.
Paul Hanson, chairman of Bitdeer Industrial, said the Sparks facility supports supply-chain resilience and brings production closer to U.S. customers. Similarly, Catherine Guo, CEO of Bitdeer Industrial, cited Nevada’s workforce, logistics network, and business environment as reasons behind the location.
The expansion follows a strong operational update for May. At the time, Bitdeer reported 921 Bitcoin mined during the month, a 370% increase from the same period last year. Its self-mining hashrate also reached 70.2 EH/s.
The company is also growing outside traditional mining. It reported about $69 million of annualized recurring revenue from its AI Cloud business. It further added that it was in advanced negotiations for a potential colocation tenant at its Tydal, Norway, site.
Bitdeer has additionally launched the SEALMINER DL1 Hydro, a hydro-cooling machine for Scrypt-algorithm mining. The unit supports networks such as Litecoin and Dogecoin, with a 52.5 GH/s hashrate and 149 J/GH efficiency.
The Nevada project therefore places manufacturing inside a broader operating strategy. For miners, the timing is difficult. For Bitdeer, the factory adds U.S. production capacity while the hardware market becomes more selective.
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