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Bitdeer Invests $36 Million in First Sealminer Factory in the USA
Bitdeer has commenced construction on a $36 million electronics manufacturing facility in Sparks, Nevada, marking the company's first U.S. assembly location for Sealminer machines. The facility is designed to produce 10,000 Sealminer units per month by 2026, aiming to address the tight margins currently faced in Bitcoin mining.
The 187,000 square foot facility is expected to create approximately 70 local jobs in engineering, skilled trades, and support. Paul Hanson, Chairman of Bitdeer Industrial, emphasized that the production of advanced Sealminer units in Nevada reflects the company's long-term commitment to building capacity and nurturing talent to support America's growing digital infrastructure.
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“The production of our advanced Sealminer units directly here in Nevada reflects our long-term commitment to building capacity and nurturing the talent needed to support our growing digital infrastructure in America,” stated Paul Hanson.
Despite the investment, Bitcoin miners are still grappling with a weak hash price, which recently hovered around $29.81 per PH/s/day. This pressure is attributed to several factors, including the upcoming halving in April 2024 and rising network hash rates, which have collectively reduced miner revenues.
Bitdeer is attempting to counteract this pressure through vertical integration, having developed its own Sealminer hardware and deploying these machines in its mining fleet. The new facility will complement Bitdeer's existing U.S. data centers and innovation center in San Jose, California.
Key Takeaways:
- Bitdeer invests $36 million in a new factory in Nevada.
- The facility aims to produce 10,000 Sealminer units monthly by 2026.
- Approximately 70 local jobs will be created.
Source: Bitcoin News
American Bitcoin Corp. Reaches 8,000 BTC Milestone
American Bitcoin Corp. (ABTC), co-founded by Eric Trump, has achieved a significant milestone by holding over 8,000 BTC, valued at approximately $504 million at the current Bitcoin price of around $62,725. This marks a substantial increase from the 5,401 BTC reported at the end of 2025, showcasing the company's growth strategy through both mining and market purchases.
In the first quarter of 2026, ABTC added a net total of 1,620 BTC, with 817 BTC coming directly from its mining operations. Despite this growth, ABTC faces challenges as its stock has plummeted by 94% since its Nasdaq debut in September 2025, reflecting the volatility in the cryptocurrency market.
“The stacking continues,” Eric Trump commented on the accumulation strategy, highlighting a mining profit margin of 52% in Q1 2026.
However, the company reported a net loss of $81.8 million in the same quarter, raising concerns about its financial performance amidst declining Bitcoin prices. The total cost of mining a single BTC was approximately $36,200, which adds to the pressure on the company's profitability.
Key Takeaways:
- ABTC now holds over 8,000 BTC, valued at $504 million.
- The company added 1,620 BTC in Q1 2026, with 817 BTC from mining.
- ABTC reported a net loss of $81.8 million in Q1 2026.
Source: Coinspeaker
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