​Bitdeer Technologies, a prominent Singapore-based company in the blockchain and high-performance computing sector, has significantly increased its Bitcoin holdings over a two-month span. As of February 2025, the company’s Bitcoin treasury reached 1,039 BTC, marking a substantial rise from 594 BTC in December 2024. ​

This notable growth is attributed to Bitdeer’s strategic decision to redirect certain mining rigs towards self-mining operations. This shift occurred after customers requested delays in payments for the SEALMINER A2 units, coinciding with a downturn in Bitcoin’s market value. By reallocating resources to self-mining, Bitdeer effectively bolstered its Bitcoin reserves during this period. ​

In the broader landscape of Bitcoin mining enterprises, Bitdeer’s enhanced holdings position it among the leading entities in terms of Bitcoin treasuries. However, it remains behind major holders such as MARA Holdings, with 46,374 BTC, and Riot Platforms, which possesses 18,692 BTC. ​

A core focus for Bitdeer is the advancement of its Bitcoin mining technology. The company reports that its latest innovation, the SEALMINER A3, has achieved significant energy efficiency in recent testing phases. This development underscores Bitdeer’s commitment to enhancing the performance and sustainability of its mining operations. ​

Financially, Bitdeer reported a net loss of $531.9 million for the fourth quarter. This loss is primarily attributed to substantial investments directed towards the development of its mining rigs, reflecting the company’s strategic emphasis on technological advancement. ​

In terms of production metrics, Bitdeer mined 110 BTC in February, a decrease from the 126 BTC produced in January. This reduction is partly due to the shorter duration of February. Additionally, the company’s total proprietary hash rate experienced an uptick, reaching 9.4 exahashes per second (EH/s) in February, up from 8.9 EH/s in December. ​

On the stock market front, Bitdeer’s shares experienced a modest increase, rising 0.85% to $10.66 in Nasdaq trading. ​

In summary, Bitdeer’s recent activities highlight a strategic pivot towards self-mining in response to market conditions and customer payment delays. The company’s ongoing investments in mining technology development, coupled with adjustments in operational focus, reflect its adaptive strategies within the evolving cryptocurrency landscape.

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