Bitcoin mining isn’t just about Bitcoin anymore — it’s becoming a much bigger story about energy, infrastructure, and cutting-edge technology. That’s how Bitdeer’s Jeff LaBerge sees it.
Speaking to TheStreet Roundtable’s Rob Nelson, the exec said the company is now attracting a broader audience beyond just crypto fans.
“The universe of investors has gotten significantly larger really in the past year,” LaBerge said. “Now a lot of that’s had to do with the energy play.”
He explained that thanks to the rise of AI and big cloud computing needs, power infrastructure is more critical than ever — and Bitcoin miners like Bitdeer are right in the middle of that transition. “We happen to have a lot of power at the right time,” he noted, making miners part of the new energy conversation.
What’s also unique about Bitdeer, LaBerge added, is the tech. The company makes its own Bitcoin mining rigs, called ASICs. “We’re truly a technology company,” he said, adding that investors from sectors like semiconductors are now starting to take interest. “We are producing a disruptive technology.”
When asked if Bitdeer would ever launch its own token to raise capital, LaBerge didn’t rule it out. “It’s going to become a new market, a new way to raise capital and securitize things,” he said. “We haven’t thought significantly about it, but I do think we’re going to start seeing more of it.”
On the topic of crypto regulation, LaBerge hopes that real clarity is coming soon. “What the market doesn’t like is uncertainty,” he said. “There’s less uncertainty than before — it’s more sentiment now — but we really need to start seeing some action.”
Bitdeer is ramping up its self-mining operations, aiming to reach a hashrate of 40 exahashes per second (EH/s) by the end of 2025 — a significant leap in computing power dedicated to securing the Bitcoin network.
Hashrate refers to the total computational power used by a blockchain network to process transactions and secure the system. In Bitcoin mining, a higher hashrate means more machines are working to solve complex cryptographic puzzles. This boosts network security and increases the likelihood of earning mining rewards.
The company is relying on its SEALMINER rigs and ample global power capacity to fuel this growth. Additionally, Bitdeer has reportedly been expanding its U.S. operations as a strategic hedge against potential trade war escalations. As of March, Tether held a 21% stake in the company, according to regulatory filings.