Bitdeer Technologies Group (NASDAQ: BTDR) is establishing a bitcoin mining ASIC manufacturing facility near Reno, Nevada, according to a business update from the developer providing the lease.
The Singapore-based bitcoin miner leased 187,632 square feet of industrial space in Sparks, Nevada, to produce its SEALMINER bitcoin mining computer line. This expansion comes as the company navigates operational challenges, including delays on a new chip design for its latest generation ASIC and shareholder litigation regarding these delays.
Bitdeer secured the lease from industrial developer Dermody at its LogistiCenter. The facility will serve as Bitdeer’s primary U.S. assembly hub for the company’s mining rigs. Dermody announced the deal as part of a broader leasing update for the region.
Catherine Guo, the CEO of Bitdeer Industrial, identified the location as the company’s “flagship manufacturing and assembly facility in the United States.” Guo stated the move aligns with a strategy of “advancing next-generation chip design and strengthening the onshore crypto mining hardware ecosystem.”
The company selected the Reno-area location for its logistics capabilities and workforce availability. Guo cited the region’s “business-friendly environment, proximity to Silicon Valley, access to a strong and skilled labor pool and robust inland port infrastructure” as key factors in the decision. The lease includes customized improvements to support manufacturing of Bitdeer’s ASIC mining rigs.
In its Q3 update, Bitdeer announced delays to its SEAL04 ASIC chip design for its forthcoming ASIC miner, the SEALMINER A4. The new chip design failed to meet Bitdeer’s performance expectations, so the company now plans to release another, improved version of the SEAL04 to meet prior performance targets.
The company faces legal scrutiny regarding the development timeline of its SEAL04 ASIC chip. A class action lawsuit alleges the company misled investors about production schedules. The complaint claims Bitdeer assured markets that research and development remained on track for mass production of the original SEAL04 in 2025.
This development follows a facility fire at Bitdeer’s Massillon, Ohio site. The blaze damaged two of 26 buildings at the site, which has a planned capacity of 221 megawatts.
Bitdeer’s shares rose 3.68% at market open Monday after the manufacturing announcement.
Header photo by Miller + Miller Architectural Photography via Dermody
