Bitdeer Moves Bitcoin Mining to the U.S. Amid Decentralization Boom

Bitdeer Shifts Bitcoin Mining Production to the USA

Bitdeer Technologies Group, a prominent player in the Bitcoin mining industry, has announced its decision to relocate its production and mining operations to the United States. This strategic move comes in response to global trade conflicts and a declining demand for mining equipment, as reported by it-boltwise.de. The company aims to reduce its reliance on imports from China and decentralize the global Bitcoin mining infrastructure.

Bitdeer plans to intensify its self-mining activities and commence production in the U.S. by the second half of 2025. This shift aligns with a broader industry trend, as other companies like Bitmain are also establishing production lines in the U.S. to mitigate risks associated with trade disputes and supply chain disruptions. Jeff LaBerge, Head of Capital Markets at Bitdeer, emphasized the company's focus on self-mining to maintain profitability, especially with the upcoming Bitcoin reward halving in April 2024.

“We are adapting to the challenges of global trade and shifting our strategy to ensure long-term sustainability,” said LaBerge.

Despite the U.S. already controlling over half of the global Bitcoin network's hashrate, this move could further balance the geographical distribution of mining power. Experts believe this decentralization strengthens one of Bitcoin's core principles.

Key Developments	Details
Production Relocation	USA, starting in 2025
Focus	Self-mining to counter declining equipment demand
Industry Trend	Decentralization and reduced reliance on imports

Summary: Bitdeer’s relocation to the U.S. marks a significant shift in the Bitcoin mining landscape, aiming for decentralization and reduced trade risks.

Eric Trump Ventures into Cryptocurrency

Eric Trump, son of former U.S. President Donald Trump, has announced plans to establish a cryptocurrency empire as a response to "Cancel Culture," according to finanzen.net. The Trump family, often criticized and isolated economically, sees blockchain technology as a means to reestablish their business presence. Eric Trump highlighted the efficiency, transparency, and cost-effectiveness of cryptocurrencies in a CNBC interview.

The family’s new venture, World Liberty Financial, aims to launch a U.S. dollar-backed stablecoin to compete with established players like Tether. Additionally, they are collaborating with Hut 8 CEO Asher Genoot to create American Bitcoin, a standalone Bitcoin mining platform that could potentially go public. Eric Trump emphasized that this initiative is not politically motivated but rather a strategic business move.

“We realized that cryptocurrencies are faster, more pragmatic, and much cheaper,” Eric Trump stated.

Despite the challenges, the Trump family views this as a fresh start, leveraging technological innovation to overcome traditional business barriers.

New stablecoin project: World Liberty Financial
Collaboration with Hut 8 for Bitcoin mining
Focus on decentralization and innovation

Summary: Eric Trump’s foray into cryptocurrency reflects a strategic pivot to blockchain technology, aiming to rebuild the family’s economic influence.

Solo Miner Achieves Remarkable Bitcoin Block Reward

A solo Bitcoin miner has defied the odds by solving a block in the Zettahash era, earning a reward of over $270,000, as reported by Bit2Me News. Operating with a modest hashrate of 230 terahashes per second (TH/s), the miner outperformed industry giants like Foundry USA and MARA Holdings. This achievement underscores Bitcoin’s foundational principles of decentralization and accessibility.

The miner, using the Solo CK-Pool, successfully solved Bitcoin block number 891, earning 3.184 BTC. This event highlights the continued viability of individual mining in an ecosystem increasingly dominated by large pools. The Bitcoin network recently surpassed a processing power milestone of 1 Zettahash per second (ZH/s), reflecting its exponential growth.

“This success is a testament to Bitcoin’s decentralized architecture, where even small participants can achieve significant outcomes,” the report noted.

Despite the increasing difficulty of mining, this event demonstrates that individual miners can still play a crucial role in the network.

Key Metrics	Details
Hashrate	230 TH/s
Reward	3.184 BTC (~$270,000)
Network Milestone	1 Zettahash per second

Summary: A solo miner’s success highlights the resilience of Bitcoin’s decentralized network, proving that individual contributions remain impactful.

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