Although the bitcoin mining industry is facing challenges such as rising costs, declining returns, and increased uncertainty in the macroeconomic environment, Nasdaq-listed BTDR has revealed to Decrypt that the company plans to focus on expansion in the coming months. Jeff LaBerge, a Chartered Financial Analyst (CFA) at BitDeer, said that despite the company's shrinking profits, it still plans to manufacture mining equipment in the United States and invest in U.S. assets.
According to the Financial Times, SoftBank and Intel are in talks to acquire a contract chip manufacturing business.