Bitdeer CEO says bitcoin balance ‘will not always be zero’ as miner eyes land acquisitions after liquidating entire treasury

Bitdeer CEO Jihan Wu clarified that the company’s recent sale of its entire Bitcoin treasury – 943.1 BTC sold in the week ending Feb. 20, following a drawdown from 1,530 BTC at the end of January – does not signify a permanent departure from holding Bitcoin. The move is intended to free up liquidity for potential land acquisitions to support the company’s expansion into high-performance computing and AI infrastructure, following a $300 million convertible note offering. Despite tightening mining economics, including a 14.7% jump in network difficulty and a falling hashprice, Bitdeer maintains its hashrate will continue to grow. This strategy differentiates Bitdeer from peers like MARA Holdings and Riot Platforms, which hold significant Bitcoin reserves.

(Source：The Block)