Shares of Bitdeer Technologies Group surged 14.1% on Thursday, reaching $14.33, after the Singapore-based Bitcoin mining infrastructure company unveiled a $36 million manufacturing facility in Sparks, Nevada. The rally fully reversed a selloff from earlier in the week, though the stock still sits roughly 27% below its June high and remains up 26% year-to-date.
Nevada plant to produce SEALMINER hardware
The new facility will assemble Bitdeer’s SEALMINER line of Bitcoin mining machines and manufacture key hardware components. Commercial production is expected to begin before the end of the year. The plant represents a direct bid to reduce Bitdeer’s dependence on third-party suppliers for mining equipment.
Bitdeer CEO Catherine Guo told local media that the company coordinated with Nevada Governor Joe Lombardo’s administration and local authorities to lock in tax incentives, including a reduction in qualifying sales taxes, as part of its move into the state.
Broader industry pivot to AI and infrastructure
The Nevada expansion arrives as publicly traded Bitcoin miners accelerate diversification across artificial intelligence and high-performance computing, leveraging existing power and data center assets. Bitdeer has itself expanded into AI cloud services and HPC, though the new Sparks plant will be dedicated exclusively to Bitcoin mining hardware manufacturing.
On the same day, MARA Holdings announced plans to acquire a Texas site with up to 2 gigawatts of power capacity to grow its AI and digital infrastructure business. Earlier in the week, TeraWulf signed a 20-year data center lease with AI startup Anthropic, a deal the company said could generate approximately $19 billion in contract revenue.
Mining output growing sharply
Despite the infrastructure buildout, Bitdeer continues to scale its core mining operations. The company reported mining 921 BTC in May, a 370% increase compared with the same period the previous year.
