Bitcoin Miner Bitdeer Increases BTC Holdings By 75% To 1039 BTC In Two Months

Bitdeer Technologies (BTDR) has increased its Bitcoin (BTC) holdings by nearly 75% in two months, redirecting some of its hardware to its own production after customers asked to defer payments for SEALMINER A2 devices amid a sharp drop in cryptocurrency prices.

According to a press release, the Singapore-based company’s holdings have grown to 1,039 BTC as of February 2025, up from 594 BTC in December. This increase puts Bitdeer in line with the largest Bitcoin miners when it comes to BTC treasury bonds. However, it still trails the largest holders: MARA Holdings with 46,374 BTC and Riot Platforms with 18,692 BTC.

Bitdeer is focused on developing its own Bitcoin mining chips and claims that its new A3 miner has shown excellent energy efficiency in recent tests. The company posted a net loss of $531.9 million in the fourth quarter, which is due to investments in the development of its mining rigs.

The mining firm mined 110 BTC in February, down from 126 BTC in January, partly due to the shortened month. The company’s overall native 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 on Nasdaq.

Source: cryptonews.net