Bitdeer Reports Zero BTC Holdings After Liquidating Entire Bitcoin Treasury
Bitdeer Technologies has liquidated its entire Bitcoin treasury, reporting zero BTC in its corporate holdings. The company mined 189.8 BTC recently, all of which were sold, in addition to liquidating 943.1 BTC from its treasury. This marks a significant shift from previous holdings. Bitdeer's shares fell following the announcement of a $300 million convertible debt offering aimed at supporting data center expansion and AI cloud growth. The broader mining industry is also shifting towards AI and hybrid models for revenue diversification.
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Bitdeer Technologies has liquidated its entire Bitcoin treasury, reporting zero BTC in corporate holdings. In its latest update, the company disclosed mining 189.8 BTC, all sold, plus an additional 943.1 BTC liquidated from reserves.
This change marks a significant shift from prior holdings of 943.1 BTC. Bitdeer's shares declined after announcing plans for a $300 million convertible debt offering to support data center expansion and AI cloud capabilities. The mining sector is increasingly pivoting to AI and hybrid revenue models as firms face tighter margins and seek growth through diversified strategies.
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