The company produced 206 BTC and sold the full amount, excluding customer deposits. The move keeps Bitdeer aligned with a cash-focused strategy as it funds mining infrastructure, ASIC development, data centers, and AI cloud expansion.

Bitdeer Keeps Treasury at Zero

Bitdeer has been selling all weekly Bitcoin production since its treasury was emptied near the end of February. The miner started 2026 with about 2,000 BTC, then reduced that balance across an eight-week liquidation period.

During the final week of that drawdown, Bitdeer sold 943.1 BTC from reserves in addition to its normal production sales. The company said the decision reflected liquidity needs tied to infrastructure spending, not a negative view on Bitcoin.

The same pattern has continued since then. Each weekly update has shown newly mined Bitcoin moving out of the balance sheet, leaving no retained BTC at week end. The approach has drawn attention because Bitdeer remains a major miner.

Cash Strategy Supports Expansion

Bitdeer’s self-mining hashrate reached 63.2 EH/s, while April production stood at 783 BTC. However, the company sold that output rather than adding it to reserves.

The miner has raised fresh capital to support growth. It secured $325 million through convertible notes and $43.5 million through equity financing this year. Proceeds are being directed toward data center growth, next-generation ASIC production, and AI cloud services.

Bitdeer has converted its Tydal site in Norway into an AI data center. Its AI Cloud Services business has reached an annual revenue run rate above $69 million, showing how the company is widening its focus beyond Bitcoin mining.

The strategy comes as Bitcoin faces market pressure. Bitcoin has fallen 16% since the start of the year, while the Fear and Greed Index dropped to 33, placing sentiment in Fear.

Rivals Continue Holding Bitcoin

Bitdeer’s policy stands in sharp contrast with larger Bitcoin holders across the mining and treasury sectors. MARA Holdings holds about 53,250 BTC, Riot Platforms holds roughly 18,000 BTC, and Strategy holds more than 717,000 BTC.

The difference highlights a broader market question. Some firms are buying or retaining Bitcoin as a treasury asset, while Bitdeer is choosing liquidity and expansion capital.

Financial pressure may explain part of that choice. Bitdeer reported Q1 2026 revenue of $188.9 million, up about 170% year over year, but it also posted a net loss of $159.5 million. Gross margin had already narrowed to 4.7% in Q4 2025.

Despite the zero-BTC stance, BTDR shares rallied about 14% on May 28 and traded near $17.75 after rising from the low $12 range.

The post Bitdeer Sells Mined Bitcoin for 14th Straight Week first appeared on Coinfea.

This action follows the continued shift of the company towards less focused mining of Bitcoin to more diversified artificial intelligence (AI) and high-performance computing (HPC). 

The industry has been apprehensive about the sale, but Bitdeer has assured the stakeholders that the move is an extension of a greater planned expansion.

Full Bitcoin Liquidation and Its Strategic Purpose

Bitdeer started the year with an approximate of 2,000 BTC in its treasury but has progressively decreased its holdings. bringing the figure to about 943 BTC by mid-February. 

The company finished the final liquidation on the weekend of February 21, 2026, and added 184 BTC mined within the final liquidation to the sale. 

The present Bitcoin price lies between 65 000-68 000, which is quite a discordant decline in comparison to its all-time highs in October. 

Even with the loss in value, the move by Bitdeer to sell its holdings is informed by the necessity to obtain the liquidity for its new business frontline, which is AI- and HPC-based and not just the mining of Bitcoin.

Expansion into AI and HPC

The liquidation is an extension of the wider Bitdeer strategy to invest in the AI infrastructure and HPC infrastructure. 

The company is considering acquisitions and areas where it can host AI-centered endeavors, which is an industry that will yield more returns than Bitcoin mining. 

The insights in the industry indicate that AI and HPC have the potential to bring much more revenue per megawatt of power than mining, and the profit margins can be up to 80-90. 

Such a shift corresponds with the overall trend of Bitcoin mining companies moving into more lucrative fields, with Core Scientific and Cipher Mining being examples of that shift, as well as a shift to the focus of AI hosting.

Bitdeer has not been left behind in ensuring that it is a leader in hash rate capacity. 

The self-operated hash rate of the company has now overtaken Marathon Digital (MARA), making Bitdeer the largest publicly listed Bitcoin miner in terms of self-operated hash rate. 

Although it sold its Bitcoin assets, Bitdeer is continuing to be one of the leading miners in the industry.

Bitdeer retains its global hashrate lead despite liquidating BTC holdings. Source: Bitcoin Mining Stock

Handling of Mining Setbacks

Although the move towards AI and HPC is certainly a big step, Bitdeer has not had everything its way. 

A fire in its Bitcoin mining plant in Massillon, Ohio, in November 2025 led to slight delays as two buildings were damaged. Luckily, no one was injured, and the company immediately started to evaluate the damage. 

The management of Bitdeer, its CEO, Jihan Wu, has also been confident of the further development of the company, highlighting the strength of the company against all odds.

By December 2025, the hash rate capacity of Bitdeer was 71 EH/s, or approximately 6% of the total hash rate in the world. 

This is a milestone, since the company had experienced an 18% monthly growth and a 229% growth in comparison to the previous year. 

Nonetheless, with the profitability of mining steadily decreasing, Bitdeer, as well as other publicly traded miners, has been selling the mined Bitcoin to support its AI transition.

The move by Bitdeer to sell all its trove of Bitcoin is a drastic change to its business policy. 

The shift to AI and HPC with the huge capital support, which is provided with the help of the equity offering and the convertible notes, is a wider tendency of the public miners who want to ensure their profitability in the changing industries. 

Although the Bitcoin liquidation might have raised some concerns, the leadership at Bitdeer is not scared of its capacity to grow its operations and still have an opportunity to increase its hash rate.

The post Bitdeer Sells Entire Bitcoin Treasury, Focuses on AI and HPC Expansion first appeared on Coinfea.

The company is facing declining profitability and increased costs, yet it has an expansion strategy that would help its self-mining business and long-term growth.

Tariff Policies and Market Position

Chief Financial Advisor Jeff LaBerge claimed that Trump’s trade approach had brought many opportunities, even though the supply chain posed risks. He pointed to the policies as being energy-friendly and said that a resolution on Bitcoin-friendly tariffs was imminent. LaBerge said that there was no intention that Bitdeer would be turned into a Bitcoin treasury company. He explained that the business was rationalistic in its thinking, such as to hold BTC merely as a utility rather than an ontology.

Financial Challenges and Vertical Integration

Becoming semi-vertically integrated was cited by analysts as a strength of Bitdeer, as the company is now offering SEALMINER A2 machines in its growth. The technology is cost-effective and helps the company to grow, although researchers warn that cash burn is high. Bitdeer has been operating at increasing losses; in Q2, it recorded only $42.3 million in operating expenses but a debilitating debt balance of $533 million. Critics say that it still needs to keep increasing its revenue as a basis to sustain its expenditure, with profitability remaining vulnerable to changes in the price of Bitcoin.

Growth Targets and R&D Development

Chief Business Officer Matt Kong stated that Q2 marked a watershed in the company’s development process. He ensured that Bitdeer also plans to meet the self-mining target of 40 EH/s by the end of October. He also highlighted improved wafer supply allocation, which can help the company exceed its 2025 targets. Kong presented R&D work scheduled behind the 5 J/TH chip efficiency with SEALMINER A4. He stated that the more robust engineering team in the U.S. and new silicon software tools enhanced the company’s technology statement.

Expanding Capacity and Infrastructure

Bitdeer also reported advancements in the data center business. Kong disclosed that the firm has energized 361 MW of self-mining capacity, which has increased its total to nearly 1.3 GW. The company anticipates reaching a capacity of more than 1.6 GW by year-end. The Clarington, Ohio, facility is nearing its 570 MW capacity as the site supports Bitdeer’s growth strategy.

The post Bitdeer Seeks to Ride Trump Tariff Headwinds with U.S. Rig Expansion first appeared on Coinfea.

Embodying the ethos of technological progress, Bitdeer CEO Linghui Kong confirmed the seamless integration and current operation of an impressive fleet of approximately 11,000 miners within the facility’s infrastructure. This achievement was bolstered by an influx of 15,000 additional mining units that arrived at the Gedu data center in Bhutan in July.

The commitment to pioneering technology is further underscored by the deployment of 23,000 newly acquired mining rigs at the Gedu site by the close of July. However, only a subset of these rigs has been activated. Once fully operational, these cutting-edge machines are poised to attain an extraordinary hash rate of about 2.5 EH/s, significantly fortifying Bitdeer’s stance in the fiercely competitive crypto-mining landscape.

Underscoring the company’s commitment to environmentally responsible practices, CEO Linghui Kong spotlighted Bitdeer’s admirable focus on energy conservation, particularly crucial in the heat-prone region of Texas. Amidst the challenges posed by elevated temperatures, the company has admirably upheld its power-saving initiatives, setting a remarkable example of dedication to sustainable practices.

In an achievement that redefines industry standards, Bitdeer’s autonomous mining endeavors yielded an impressive 220 Bitcoins in July alone, showcasing an astonishing year-on-year growth of 41%.

Attributed to the infusion of novel mining equipment at the Bhutanese facility, Bitdeer’s hash rate has witnessed a striking surge. By the culmination of July, the hash rate had surged to an impressive 7.9 EH/s, marking a substantial advancement from the 6.2 EH/s reported at June’s end.

Globally, all eyes are fixed on the unique collaboration between Bitdeer and Bhutan’s state-owned investment behemoth, Druk Holding and Investments. Unveiled in May, their ambitious proposition involves the establishment of a cryptocurrency mining fund with a daring objective of amassing up to $500 million in capital.

As Bitdeer navigates through the voyage of operational testing and hash rate augmentation, the industry anticipates a ripple effect that transcends borders. The strategic alliance with Bhutan’s investment authority epitomizes Bitdeer’s astute entry into a dynamic financial landscape, setting an innovative precedent within digital assets.

The post Cryptocurrency mining pioneer Bitdeer enters crucial power-on testing phase first appeared on Coinfea.