Bitcoin mining hash rate drops as Bitdeer plans to start self-operated mining operations

Bitcoin (BTC) mining hardware manufacturer Bitdeer is preparing to launch its own mining operations in the United States (US), according to a report by Bloomberg. The company intends to expedite shipments of the equipment after President Donald Trump announced a 90-day pause in tariffs. Additionally, pressure from tariffs has caused the Bitcoin mining hash rate of U.S. miners to decline over the past month.

Bitdeer is stepping up its efforts and plans to start self-mining operations after the demand for mining hardware decreases. The company intends to use its mining equipment to mine bitcoin for itself rather than sell it to other miners.

Jeff LaBerge, head of capital markets and strategic initiatives at Bitdeer, said: “Our plan going forward is to prioritize our own self-mining.”

The move comes as global supply chain markets have been rocked by U.S.-China trade tensions — most manufacturing of mining hardware takes place in China.

The self-mining operation could make Bitdeer a strong competitor to other U.S. mining companies, especially as trade tensions increase mining costs.

Miners had rushed to snap up bitcoin mining equipment before U.S. trade tariffs took effect, leading many to pay high fees to ship hardware to the United States.

Meanwhile, Bitdeer plans to start manufacturing mining equipment in the United States, aiming to reduce supply chain vulnerability while localizing production.

To that end, the company has begun taking advantage of a 90-day tariff pause to ship equipment from Southeast Asia to the United States.

The Securities and Exchange Commission (SEC) clarified last month that proof-of-work mining is not considered a securities offering and therefore does not require registration under the Securities Act or the Exchange Act.

Bitdeer’s efforts come against the backdrop of a decline in the bitcoin mining hash rate due to rising mining costs. Bitcoin’s hash price — a key indicator of mining profitability — fell to near all-time lows last week before recovering slightly, according to Hash Rate Index.

However, activity around mining companies increased in March, including Eric Trump’s partnership with Hut 8 Mining to launch a new bitcoin mining company called American Bitcoin.

Marathon Digital also announced a $2 billion equity offering. The company intends to use the proceeds to acquire additional bitcoin and support general corporate needs.