Bitdeer Expands Bitcoin Holdings by 75% Amid Mining Strategy Shift
Bitdeer Technologies (BTDR) significantly increased its bitcoin (BTC) reserves by nearly 75% in two months, redirecting some of its mining rigs to self-mining after customers requested payment delays for SEALMINER A2 units during Bitcoin’s price downturn.
As of February 2025, the Singapore-based company’s BTC holdings surged to 1,039 BTC, up from 594 BTC in December, according to a company statement. This increase places Bitdeer among the top bitcoin miners in terms of BTC treasuries, though it still lags behind industry leaders MARA Holdings (46,374 BTC) and Riot Platforms (18,692 BTC).
Bitdeer remains focused on advancing its bitcoin mining chip technology and recently announced that its new A3 miner demonstrated notable energy efficiency gains in recent testing. However, the company reported a $531.9 million net loss for Q4, primarily due to ongoing investments in mining rig development.
In February, Bitdeer mined 110 BTC, a decline from 126 BTC in January, partly attributed to the shorter month. Meanwhile, its total proprietary hash rate climbed to 9.4 exahashes per second (EH/s) from 8.9 EH/s in December.
Following the announcement, Bitdeer’s shares rose 0.85% to $10.66 in Nasdaq trading.
