Bitcoin Miner Bitdeer Reduces BTC Holdings to Zero

On the 21st, Bitdeer Technologies announced in its weekly update that its net Bitcoin (BTC) holdings had reached zero. During the same period, the company sold all 189.8 BTC it mined, in addition to selling an additional 943.1 BTC from its reserves, totaling approximately 1,132.9 BTC disposed of. This move coincided with the issuance of $325 million in convertible bonds, with the raised funds earmarked for data center expansion, AI cloud infrastructure, and ASIC chip development. Meanwhile, the company's self-managed hash rate has reached 63.2 EH/s, positioning Bitdeer at the forefront among publicly listed companies.