Bitdeer’s unique in-house ASIC chip design powers its mining edge

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Bitdeer’s unique in-house ASIC chip design powers its mining edge originally appeared on TheStreet.

In an interview with TheStreet Roundtable, Jeff LaBerge, Bitdeer’s Head of Capital Markets, said, “This year, we’re one of the largest publicly traded Bitcoin miners in the universe right now. We’re just under about 13 exahash, looking to grow to just over 40 by the end of the year.”

He noted that Bitdeer controls “one of the largest power portfolios with just over 2.8 GW of power, about 900 to 1000 of that is online right now.”

'We are a technology company,' says LaBerge

LaBerge stressed, “We are a technology company rather than a traditional mining operator. Not only are we a user of Bitcoin mining rigs, but we are now designing and manufacturing the chips and rigs for our own use and for third parties.” He credited founder Jihan Wu’s long history in both Bitcoin and mining, noting, “Our founder is Jihan Wu, which most people are familiar with. He’s got a very long history in the Bitcoin and the mining space.”

He described Bitdeer’s ASIC manufacturing as “very unique, very intricate and very niche,” adding, “Very few others are able to do that and do that well.” By building its own chips, Bitdeer tightly controls production costs and performance.

Bitdeer’s global expansion further bolsters its tech-driven, eco-friendly model. The company operates about 700 to 800 MW in the U.S. and nearly 300 MW in Norway.

A 500 MW hydroelectric facility in Bhutan will be “100% powered by hydroelectricity” LaBerge said. He explained, “Global expansion is really helping our business model because we’re not geographically constrained to one location,” highlighting their ability to leverage diverse power markets.

Cloud mining

As an additional service, LaBerge described Bitdeer’s cloud mining platform as an easy on-ramp.

“With just a few clicks, you can start mining using our hardware, our infrastructure and our economies of scale, without having to procure your own miners or find data center space for them,” he said. He added that subscriptions range “from a single terahash up to several petahash if you want,” making it accessible to both retail and institutional clients.

By combining proprietary chip design, a diversified power portfolio anchored by hydroelectricity, and accessible cloud services, Bitdeer positions itself as a technology-led, ESG-friendly partner for investors.

Bitdeer’s unique in-house ASIC chip design powers its mining edge first appeared on TheStreet on Jun 6, 2025

This story was originally reported by TheStreet on Jun 6, 2025, where it first appeared.

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