Bitdeer leases Nevada factory for U.S. ASIC miner manufacturing

Core Insights - Bitdeer Technologies Group is establishing a bitcoin mining ASIC manufacturing facility near Reno, Nevada, to enhance its production capabilities and address operational challenges [1][2] Group 1: Facility and Expansion - Bitdeer has leased 187,632 square feet of industrial space in Sparks, Nevada, for the production of its SEALMINER bitcoin mining computer line [2] - The facility will serve as Bitdeer's primary U.S. assembly hub for mining rigs, with customized improvements to support manufacturing [3][4] - The location was chosen for its logistics capabilities, workforce availability, and business-friendly environment, which includes proximity to Silicon Valley and access to a skilled labor pool [4] Group 2: Operational Challenges - The company is facing delays in the design of its SEAL04 ASIC chip for the SEALMINER A4, which did not meet performance expectations, prompting plans for an improved version [5] - Bitdeer is under legal scrutiny due to a class action lawsuit alleging misleading information regarding the production schedule of the SEAL04 ASIC chip, with claims that the company assured investors of timely mass production by 2025 [6] Group 3: Market Reaction - Following the announcement of the new manufacturing facility, Bitdeer's shares rose by 3.68% at market open [7]