Bitdeer Technologies (BTDR) Expands Bitcoin Holdings Amid Market Volatility
Bitdeer Technologies, known by its ticker BTDR, has significantly increased its bitcoin (BTC) reserves by nearly 75% over the course of just two months. This surge in holdings is primarily attributed to the company’s strategic decision to redirect some of its mining rigs towards self-production. This move comes in response to customer requests for delayed payments on their SEALMINER A2 units, which coincided with a notable decline in the price of the largest cryptocurrency.
As of February 2025, Bitdeer’s total bitcoin holdings have reached 1,039 BTC, marking a substantial increase from 594 BTC reported in December. This growth positions Bitdeer among the leading bitcoin miners in terms of BTC treasuries, although it still lags behind industry giants such as MARA Holdings, which holds 46,374 BTC, and Riot Platforms, with 18,692 BTC.
The company’s core focus remains on the innovation and development of its bitcoin mining chips. Recently, Bitdeer announced that its new A3 miner has demonstrated impressive energy efficiency during testing phases. However, the firm also faced financial challenges, reporting a net loss of $531.9 million for the fourth quarter. This loss has been largely attributed to the significant investments made in the advancement of its mining technologies.
In terms of production, Bitdeer mined 110 BTC in February, which reflects a decrease from 126 BTC mined in January—partly due to the shorter month. Additionally, the company’s total proprietary hash rate has seen an increase, now standing at 9.4 exahashes per second (EH/s), up from 8.9 EH/s in December.
On the stock market, Bitdeer’s shares experienced a modest uptick, rising 0.85% to reach a trading value of $10.66 on Nasdaq.
