Bitdeer Sells All Bitcoin Reserves: Strategic Shift to AI and Infrastructure

Reserves Liquidated for Strategic Growth Bitdeer (BTDR), a prominent player in the Bitcoin mining industry, announced in its latest weekly production report that it has strategically sold all Bitcoin (BTC) holdings in its reserves.
During the weekly period ending February 20, the company liquidated its existing reserve of 943.1 BTC along with the 189.8 BTC produced during the same timeframe.
Company assets, which stood at approximately 1,530 BTC at the end of January, were reduced to zero following gradual sales throughout mid-February.
Mining Challenges and New Objectives Bitdeer management stated that the primary driver behind this decision is the need for liquidity to support operational expansion and new land acquisition opportunities.
The decision comes as the mining sector faces increasing pressure; a recent 14.7% increase in Bitcoin network difficulty and a drop in hashprice values to below $30 per PH/s per day have negatively impacted gross profit margins.
According to fourth-quarter data, Bitdeer's profit margin fell to 4.7%, down from 7.4% in the same period the previous year.
Focus on AI and Infrastructure Investments The company is pivoting its future growth strategy toward high-performance computing (HPC) and artificial intelligence (AI) infrastructure.
To support this transition, Bitdeer aims to raise $300 million through the issuance of convertible bonds maturing in 2032, with the proceeds earmarked for expanding data center capacity.
This move marks a significant departure from the strategies of other major mining firms like MARA Holdings and Riot Platforms, which continue to maintain substantial Bitcoin reserves of 53,250 BTC and 18,000 BTC, respectively.