Bitdeer Sells Entire Bitcoin Stash as Mining Profits Near Record Lows
Singapore-based Bitcoin miner Bitdeer has liquidated its entire BTC treasury, abandoning the industry’s standard holding strategy.
This drastic move comes as plunging mining profitability forces the company to restructure its debt and accelerate its AI pivot.
Why did this Bitcoin Miner dump its Holdings?On February 20, the crypto mining company disclosed it held zero Bitcoin, completely draining its reserves. Notably, this excludes its customer deposits.
The firm confirmed that it had sold its entire recent output of 189.8 Bitcoin, and posted a massive net reduction of 943.1 Bitcoin.
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