Bitdeer Technologies Expands Mining Operations Amid Slowing Demand

According to BlockBeats, Bitdeer Technologies Group, a Nasdaq-listed company founded by cryptocurrency veteran Jihan Wu, is undergoing a strategic transformation by significantly expanding its mining operations in response to slowing buyer demand. As of August 2025, the company has quadrupled its self-operated mining capacity compared to the same period last year. Bitdeer aims to continue its expansion with the goal of becoming one of the top five cryptocurrency miners globally. This strategic move positions the company in direct competition with its own clients.