Share this article
Bitcoin Miner Bitdeer Increases BTC Holdings by 75% to 1,039 BTC in Two Months
The company redirected mining rigs to self-mining as customer delayed payments during bitcoin's price drop..
Mar 12, 2025, 4:32 p.m.
What to know:
- Bitdeer Technologies increased its bitcoin holdings by 75% over two months to 1,039 BTC as of February.
- The company redirected some mining equipment toward self-mining due to customer payment delays and the recent bitcoin price dip.
- BTDR produced 110 BTC in February, down from 126 BTC in January.
Bitdeer Technologies (BTDR) boosted its holdings by almost 75% in two months by redirecting some of its mining rigs to self production after customers asked to delay payments for the SEALMINER A2 units during the largest cryptocurrency's price decline.
The Singapore-based company's holdings rose to 1,039 BTC as of February 2025, up from 594 BTC in December, it said in a release. The increased holdings position it among the top bitcoin miners when it comes to BTC treasuries. Still, it trails behind the largest holders: MARA Holdings with 46,374 BTC and Riot Platforms with 18,692 BTC.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Bitdeer's main focus is the development of its bitcoin mining chips, and says its new A3 miner achieved significant energy efficiency in recent tests. It posted a $531.9 million net loss for the fourth quarter, attributed to investments in the development of its mining rigs.
The mining firm produced 110 BTC in February, down from 126 BTC in January, in part because of the shorter month. Its total proprietary hash rate increased to 9.4 exahashes per second (EH/s), up from 8.9 EH/s in December.
The company's shares rose 0.85% to $10.66 in Nasdaq trading.
More For You
Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
Top Stories
