Bitdeer Boosts Bitcoin Holdings by 75% in Two Months

Bitdeer Technologies, a prominent bitcoin mining company based in Singapore, has significantly increased its bitcoin holdings. The company's bitcoin reserves surged by approximately 75% within a two-month period, reaching 1,039 BTC as of February 2025. This substantial increase is attributed to the redirection of some of its mining rigs towards self-production, a strategic move prompted by customers' requests to delay payments for the SEALMINER A2 units during the recent decline in bitcoin prices.

In December 2024, Bitdeer's bitcoin holdings stood at 594 BTC. The recent surge in holdings positions Bitdeer among the leading bitcoin miners in terms of BTC treasuries. However, it still trails behind the largest holders, such as MARA Holdings with 46,374 BTC and Riot Platforms with 18,692 BTC.

Bitdeer's primary focus remains on the development of its bitcoin mining chips. The company recently announced that its new A3 miner has achieved significant energy efficiency in recent tests. Despite these advancements, Bitdeer reported a net loss of $531.9 million for the fourth quarter of 2024. This loss is primarily attributed to the company's substantial investments in the development of its mining rigs.

In terms of production, Bitdeer generated 110 BTC in February 2025, a slight decrease from the 126 BTC produced in January. This reduction is partly due to the shorter month. However, the company's total proprietary hash rate increased to 9.4 exahashes per second (EH/s) in February, up from 8.9 EH/s in December, indicating a continued expansion in its mining capabilities.

Bitdeer's strategic decision to redirect mining rigs towards self-production during a period of declining bitcoin prices highlights the company's proactive approach to managing its resources and capitalizing on market fluctuations. By increasing its bitcoin holdings, Bitdeer not only strengthens its financial position but also enhances its competitive edge in the bitcoin mining industry. This move underscores the company's commitment to long-term growth and sustainability in the rapidly evolving cryptocurrency landscape.