This Miner Sold All Its Bitcoin – Here’s Why

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So, you know how some people sell their soul for a quick buck? Well, Bitdeer Technologies just sold its Bitcoin for a quick buck. And by “quick buck,” we mean “entirely liquidating their crypto stash to fund a midlife crisis involving AI and data centers.” Because nothing says “I’m serious about my business” like converting your digital gold into cash for, uh, “capital readiness.”

According to the Singapore-based miner, this isn’t a bearish signal-it’s just a “pragmatic step” to “evaluate non-binding opportunities” for “powered land.” Because nothing says “I’m a visionary” like buying land you’ve never seen and then immediately selling your Bitcoin to pay for it. Also, they’re pivoting to AI! Because obviously, mining Bitcoin and running AI servers are the exact same thing. No, really.

Zero-BTC Balance Sheet

Despite selling all their Bitcoin, Bitdeer is still “scaling aggressively.” Which, in this context, means “we’re mining more Bitcoin than ever, but we’re selling it all because we’re weird.” Their official statement on X? “Our decision to sell Bitcoin should not be a concern for the broader market. Our hash rate will continue to grow, and we will continue to mine more Bitcoin for the interest of our shareholders.” Oh, sure, because nothing says “I care about shareholders” like giving them zero Bitcoin.

Meanwhile, other miners are busy hoarding Bitcoin like it’s the last roll of toilet paper. Companies like MARA Holdings have 53,000 BTC in their “treasuries,” which is basically a fancy way of saying “we’re holding onto our crypto like it’s our ex’s Instagram account.” But Bitdeer? They’re out here acting like Bitcoin is a liability. Bold move, Tina.

Breaking From Miner Playbook

Bitdeer isn’t the only one selling Bitcoin, but let’s be real-most of their peers are still sitting on their crypto like it’s a family heirloom. Riot Platforms? Still got 18,000 BTC. Core Scientific? Still got 10,000 BTC. They’re like the Bitcoin version of “I’m not greedy, I’m just saving for a rainy day.” But Bitdeer? They’re out here throwing caution to the wind, selling everything, and pretending it’s not a big deal. Because nothing says “I’m a risk-taker” like selling your entire crypto portfolio to fund a side hustle in AI.

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2026-02-24 23:29