Bitdeer's $36M Nevada Factory Boosts AI and Bitcoin Ambitions
Bitdeer Technologies Holding Co.'s (BTDR) stock surged 15% on Thursday afternoon's trading session after breaking ground on a $36-million investment in a new advanced electronics manufacturing facility in Sparks, Nevada. The 187,000-square-foot plant is set to produce thousands of Sealminer computing hardware units monthly and create 70 local jobs across engineering, skilled technician, and support roles.
The facility, which will complement the company's existing U.S. data centers and its innovation hub in San Jose, California, marks Bitdeer's first domestic manufacturing and assembly footprint for advanced electronics. It is expected to produce 10,000 Sealminer units per month after completion by the end of 2026.
Bitdeer provides Bitcoin mining solutions and develops AI computational infrastructure. The company also offers advanced cloud capabilities for customers with high demand for artificial intelligence. Bitdeer Industrial CEO Catherine Guo said that the investment highlights Nevada's skilled workforce, logistics network, and business-friendly environment.