Markets, Bitdeer, Bitcoin Mining The firm redirected mining rigs to self-mining as buyer delayed funds throughout bitcoin’s worth drop..
Bitdeer Technologies (BTDR) boosted its bitcoin (BTC) holdings by nearly 75% in two months by redirecting a few of its mining rigs to self manufacturing after prospects requested to delay funds for the SEALMINER A2 items through the largest cryptocurrency’s worth decline.
The Singapore-based firm’s holdings rose to 1,039 BTC as of February 2025, up from 594 BTC in December, it said in a release. The elevated holdings place it among the many prime bitcoin miners in relation to BTC treasuries. Still, it trails behind the biggest holders: MARA Holdings with 46,374 BTC and Riot Platforms with 18,692 BTC.
Bitdeer’s major focus is the event of its bitcoin mining chips, and says its new A3 miner achieved vital power effectivity in current assessments. It posted a $531.9 million net loss for the fourth quarter, attributed to investments within the improvement of its mining rigs.
The mining agency produced 110 BTC in February, down from 126 BTC in January, partially due to the shorter month. Its complete proprietary hash price elevated to 9.4 exahashes per second (EH/s), up from 8.9 EH/s in December.
The firm’s shares rose 0.85% to $10.66 in Nasdaq buying and selling.
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