Bitdeer dey expand US Bitcoin Rig production to offset tariffs
Bitdeer wey be one top Bitcoin mining hardware provider, dey plan to expand dia Bitcoin rig manufacturing for Texas. Dem wan reduce di wahala wey di 25% Trump-era tariffs on Chinese imports dey cause by to do local assembly of power and cooling subsystems. Dis decision go make sure say domestic Bitcoin rig manufacturing go increase, e go reduce cost for US miners and e go make supply chain strong well well. Dem plan to start operations by end of dis year, and production go increase for early 2023. Bitdeer move show say demand dey increase for onshore mining hardware and e fit make hardware dey plenty. E also fit reduce price wahala for Bitcoin mining sector.
Bullish
Bitdeer shift go how dem dey manufacture Bitcoin rigs for US na direct move to solve di kain kine cost wey Trump-era tariffs put for top Chinese imports. By make assembly local, di company reduce how dem dey pay di 25% duty, wey go make margin better for both Bitdeer and miners wey dey US. Before now, when dem talk about tariff relief and say go produce tins for inside US, e dey always make people feel better for mining hardware and related shares, like when Riot Platforms and CleanSpark start to expand their US operations during di supply chain yawa wey happen earlier dis year. For short term, more hardware fit mean say rig delivery go no get as many backlog and prices go fit balance. For long term, stronger supply chain and less dependence on Chinese factories fit make new money enter US mining business, wey go make mining stocks look good and fit also increase demand for Bitcoin itself.