Zero Bitcoin: The Reason This Miner Is Offloading All Its Output

crypthub

about 4 hours ago

Liquidity‑Driven Bitcoin Sale

Bitdeer announced it has sold its entire Bitcoin inventory, presenting the move as a liquidity measure rather than a negative outlook on the cryptocurrency. The Singapore‑based miner aims to convert freshly mined BTC into cash to stay capital‑ready for non‑binding land acquisition deals. It stresses that the decision is procedural and unrelated to broader market sentiment.

Continued Operational Growth and AI Pivot

Despite the divestment, Bitdeer has expanded its self‑mining capacity to over 63 EH/s and boosted year‑over‑year production. The company plans to allocate the cash toward AI and high‑performance computing projects, repurposing mining sites into AI‑ready data centers. These initiatives demand significantly higher upfront investment than traditional mining expansions.

Industry Context and Divergence

Other public miners such as Riot Platforms, Bitfarms, and Core Scientific have sold portions of their mined Bitcoin or diversified into AI, but they still retain sizable treasuries. Bitdeer’s complete exit from BTC holdings sets it apart from peers like MARA, which holds more than 53,000 BTC, and Riot, with around 18,000 BTC. The strategy highlights a shift from the typical balance‑sheet accumulation model toward cash‑intensive growth avenues.