Overview
- Bitdeer broke ground on the 187,000-square-foot Sparks, Nevada plant on July 9, 2026, announcing a $36 million investment to establish its first U.S. manufacturing and assembly site.
- The company says the factory is slated to be operational by the end of 2026, to produce up to 10,000 SEALMINER units per month and to create about 70 local engineering and technician jobs.
- Bitdeer frames the buildout as a move toward vertical integration that brings its proprietary SEALMINER ASIC-based rigs, which can serve both Bitcoin mining and AI workloads, closer to U.S. customers.
- The announcement came as Bitcoin mining margins remain weak because of low spot hash prices and rising network hashrate, a market dynamic that makes newer, more efficient hardware and lower costs central to competitiveness.
- Investors reacted positively with Bitdeer shares jumping roughly 14% after the news, but the project remains forward-looking and dependent on construction, equipment installation, supply chains, and market conditions.