Bitdeer Expands Bitcoin Reserves by 75% as It Increases Self-Mining Operations
Bitdeer Technologies (BTDR) has significantly grown its bitcoin (BTC) holdings, increasing them by 75% in two months after redirecting some of its mining rigs to self-mining. The shift came as customers deferred payments for SEALMINER A2 units amid Bitcoin’s price decline.
By February 2025, Bitdeer’s BTC reserves had reached 1,039 BTC, up from 594 BTC in December, the company announced. This expansion places Bitdeer among the key players in Bitcoin mining, though it remains behind MARA Holdings (46,374 BTC) and Riot Platforms (18,692 BTC).
The company continues to advance its mining hardware technology, with its latest A3 miner demonstrating notable energy efficiency improvements in recent testing. Despite its technological progress, Bitdeer reported a $531.9 million net loss in Q4, largely due to heavy investment in mining infrastructure.
In February, Bitdeer mined 110 BTC, down from 126 BTC in January, a decrease partly attributed to the shorter month. Meanwhile, the company’s total proprietary hash rate increased to 9.4 exahashes per second (EH/s) from 8.9 EH/s in December.
Following the announcement, Bitdeer’s shares climbed 0.85% to $10.66 in Nasdaq trading.
