Bitdeer sold all its bitcoin (BTC) to fund its move into AI data centers

Singapore-based Bitdeer, an AI and bitcoin mining firm, has liquidated its entire bitcoin treasury, holding zero BTC as of February 20, 2026, to fund its strategic pivot toward AI infrastructure. The company is accelerating its move into AI by deploying NVIDIA GB200 NVL72 systems and converting existing sites in the U.S. and Europe from crypto mining to AI data centers, a process requiring significant capital for GPU clusters and upgrades. Bitdeer views AI expansion as offering more predictable revenue streams compared to bitcoin mining's price cycles. This move follows similar strategic shifts by peers like Riot Platforms and Bitfarms, as miners attempt to be valued as digital infrastructure and AI companies rather than leveraged bitcoin proxies. Despite the sale, the company stated its operational growth remains intact, having mined 668 BTC in January and increasing its hash rate.

(Source：CoinDesk)