Core Viewpoint - Bitdeer has leased a facility in Sparks, Nevada, to establish its flagship production base for SEALMINER Bitcoin mining machines [1] Group 1: Company Overview - Bitdeer has rented the Dermody LogistiCenter Building 2, which spans approximately 188,000 square feet [1] - The facility will be transformed into a manufacturing and assembly center for SEALMINER Bitcoin mining machines [1] Group 2: Industry Context - Dermody is a private industrial real estate developer and logistics asset operator, focusing on large-scale warehousing, manufacturing facilities, and inland port logistics hubs across the United States [1]

Global Crypto Mining News in October: Bitcoin mining profitability falls to record lows as hashrate hits new highs; Malaysia’s power theft for mining tops $1.1 billion; listed miners and rig makers like Bitdeer, Bitfury, Canaan, Marathon, Bitfarms, TeraWulf and others accelerate their pivot to AI/HPC, large-scale financing and government-linked energy projects, etc https://t.co/b4rFe2VgEJ ...

After a $260M+ Loss, Bitdeer's mining facility caught fire! Is all the $BTC safe? https://t.co/QKlTnhgtqZ ...

Company Operations - Bitdeer's new Bitcoin mining facility in Ohio caught on fire [1]

Fire breaks out at Bitdeer bitcoin mining facility in Ohio, no injuries reported https://t.co/iqnMIEJiYR ...

Bitdeer stock tumbles 30% after Q3 report but analysts defend long-term outlook https://t.co/B1ZWMqMzvc ...

Global Crypto Mining News in October: Canaan secured its largest miner order in 3 years, Pavel Durov launched a GPU-powered AI network on TON, Bitdeer tripled its self-mining capacity. While new mining regulations emerged in New York and Canada, including tax proposals and energy usage restrictions, etc.https://t.co/AW7kbtSsp2 ...

Bitdeer Stock Tumbles 20% as Bitcoin Miner Posts Third Quarter Net Loss► https://t.co/l4CsnfHjyz https://t.co/l4CsnfHjyz ...

Bitcoin miner Bitdeer's Q3 revenue jumps 174% as firm adds over 500 BTC https://t.co/LykNPZwTkB ...

Core Insights - The Bitcoin mining industry is facing significant profitability challenges, with hash prices dropping to around $42 per petahash per second (PH/s), nearing break-even levels that threaten smaller mining operations [1][7] - The hash price has been on a downward trend since July, when it peaked at $62 per PH/s, leading to concerns about the viability of weaker miners and prompting larger firms to tighten spending [2][7] - The total hashrate of the Bitcoin network has surpassed 1 zetahash per second (ZH/s), increasing electricity and hardware demands, while many mining firms are shifting focus to AI infrastructure for better margins [5][7] Industry Impact - The decline in hash prices is affecting the entire mining supply chain, with hardware providers experiencing slower sales as miners delay or cancel orders [3] - Manufacturers like Bitdeer are pivoting to self-mining and exploring opportunities in AI and high-performance computing (HPC) to counteract declining hardware demand [4] - Major mining firms, such as Cipher Mining and IREN, are diversifying their business models by securing multi-billion-dollar AI infrastructure deals with tech giants like Amazon and Microsoft [6][7]