Latest news with #JeffLaBerge
Yahoo
5 days ago
- Business
- Yahoo
‘Risk assets are back in favor' says Bitdeer exec
'Risk assets are back in favor' says Bitdeer exec originally appeared on TheStreet. Bitcoin's recent climb to fresh highs stems from a convergence of factors, Bitdeer CFA Jeff LaBerge tells TheStreet Roundtable. 'Risk assets are becoming back in favor now,' he explains, citing clearer regulation and renewed macro appetite for growth assets. LaBerge notes that ETF inflows and the emergence of dedicated Bitcoin treasury firms have added further momentum — a combination that, if history repeats, could extend the current bull phase another 12 to 18 months. Looking beyond the traditional four‑year bull‑bear cycle, LaBerge argued that Bitcoin must evolve from a pure risk‑on asset into a true store of value. He pointed to April's volatility in equities, when Bitcoin rose about 15% despite a flat stock market, as an early sign of its flight‑to‑safety potential.'It's going to have to transition from being just a true risk‑on, risk‑off asset to acting more like digital gold,' he said — a shift he believes will reduce extreme swings and broaden adoption. Mining industry poised for growth LaBerge also highlighted how the mining sector is benefiting from today's rally. He explained that miners track 'hash price,' which combines Bitcoin's market price with global network hash rate to gauge profitability. With hash rate relatively steady even as prices climb, mining has become notably more lucrative — older machines now yield healthy returns, while new rigs such as Bitdeer's Sealminer A2 can generate a coin for roughly $30,000 to $35,000 in energy costs alone. Looking ahead, Bitdeer plans to launch its Sealminer A3 this quarter, boasting market‑leading efficiency. LaBerge expects this next‑generation rig to boost both self‑mining operations and third‑party also securing more flexible energy deals and diversifying into high‑performance computing and AI data centers to build resilience against future downturns. With a global portfolio spanning 2.7 gigawatts of secure power and onshore manufacturing coming to the U.S., LaBerge says Bitdeer is well positioned to weather any bear market — and help Bitcoin fully realize its role as digital gold. 'Risk assets are back in favor' says Bitdeer exec first appeared on TheStreet on Jul 24, 2025 This story was originally reported by TheStreet on Jul 24, 2025, where it first appeared.
Yahoo
21-05-2025
- Business
- Yahoo
‘We have the power': Bitdeer exec explains why miners are in demand beyond crypto
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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-04-2025
- Business
- Yahoo
Bitcoin miners struggle as prices dip but hash rate holds steady
Bitdeer Head of Capital Markets Jeff LaBerge broke down how Bitcoin mining economics are shifting in real time — and why tech innovation may be the key to staying competitive. TheStreet Roundtable host Rob Nelson opened the conversation with a basic question: does a lower Bitcoin price mean mining becomes more expensive? 'It can,' LaBerge said. 'But in some cases, if the network hash rate decreases… now you've got a smaller pool of people competing for the same fixed pie of Bitcoin.' That means some miners may shut down, leaving a bigger slice for the rest. Still, he clarified, 'Bitcoin and mining economics get worse when Bitcoin price goes down, but it's not just in a straight linear fashion like that.' Nelson followed up: 'So what's happening right now?' LaBerge responded, 'Right now, network hash rate has been pretty consistent. Bitcoin price has gone down, but you've still had the same or near the same amount of participants.' That means mining profitability has dropped in the short term. 'Now that the space has been more institutionalized… hash rate is more likely to increase based on a spike in Bitcoin price than it is to come offline with a dip,' he added. 'So it is making it tough for some of the miners right now.' Asked how Bitdeer navigates this, LaBerge emphasized that their edge isn't just mining scale — it's the technology. 'We are actually designing the chips and the hardware that go into making the Bitcoin mining rigs,' he said. 'We can design those and build those for ourselves to use in our own data centers at a discount to the rest of the market.' LaBerge added that this sets them up well for the future: 'We expect a significant refresh cycle… where efficiency and having the most efficient Bitcoin miners is going to be critical.' Bitdeer does hold Bitcoin on its balance sheet — 'we're very bullish,' LaBerge said — but it's not the core strategy. 'Our core business is really that technology side.' Bitcoin's hashrate hit a record 1 ZH/s on April 17, boosting network security. Sign in to access your portfolio
Bloomberg
15-04-2025
- Business
- Bloomberg
Crypto Firm Bitdeer Prioritizes Mining to Weather Tariff Turmoil
Nasdaq-listed Bitcoin mining firm Bitdeer Technologies Group is doubling down on its self-mining operations while pushing ahead with plans to make machines in the US, as it confronts a cooling crypto market and mounting uncertainty over US trade policy. With demand for Bitcoin mining rigs faltering, Singapore-headquartered based Bitdeer will focus on using its rigs to mine Bitcoin for itself — rather than selling them to other miners, according to Jeff LaBerge, head of capital markets and strategic initiatives at the company.
Yahoo
08-02-2025
- Business
- Yahoo
Bitcoin hovers near $100,000 as market awaits next big catalyst, says Bitdeer exec
"Right now, we're just hovering under $100,000 per Bitcoin," said Jeff LaBerge, Head of Capital Markets and Strategic Initiatives at Bitdeer. "I think the term 'crash' is a bit overblown." Speaking with Rob Nelson on Roundtable, LaBerge addressed the recent market movement, where Bitcoin saw a 10 to 12% drop but remained in a higher range compared to previous months. Despite some volatility, he pointed out that Bitcoin has been relatively stable, trading between the low-to-mid $90,000s and $110,000. "The market was kind of shocked by the peak seek announcement last week," LaBerge said. "I think everyone's still trying to digest that, and obviously we've got a new administration now. We've got tariffs coming out, tariffs being held back—there's a lot to digest right now." LaBerge noted that Bitcoin often serves as a "risk proxy for the entire market," reacting swiftly to macroeconomic developments. "It's traded 24/7, so it can be looked at as a flight to quality at times, but often as a risk-on or risk-off asset as well," he noted. Bitcoin's current price range suggests the market is waiting for a catalyst before its next major move. "I think Bitcoin was sort of repriced earlier this year," LaBerge explained. "We bounced from that 60-70K range and moved up to 90-110K in about a month's time." While some traders might be concerned about recent swings, LaBerge believes the broader trend remains bullish. "We've got a long way to go—that's my personal belief," he said. "Bitcoin has a lot of utility that's not really been recognized."
