Crypto Today: Bitcoin Miner Bitdeer Boosts BTC Holdings by 75% Amid Market Volatility

Key Takeaways:Bitdeer Technologies increased its Bitcoin holdings by 75% in two months, reaching 1,039 BTC as of February 2025.The company redirected mining rigs to self-mining due to customer payment delays and BTC price fluctuations.February BTC production dropped to 110 BTC, down from 126 BTC in January.Bitdeer’s total proprietary hash rate rose to 9.4 EH/s, reflecting enhanced mining capacity.Bitdeer Expands Bitcoin ReservesSingapore-based Bitdeer Technologies (BTDR) has significantly expanded its Bitcoin treasury, increasing holdings from 594 BTC in December to 1,039 BTC by February—a 75% surge.The move aligns with the company’s shift toward self-mining after customers delayed payments for SEALMINER A2 mining units during Bitcoin’s recent price drop.Mining Operations and Production DeclineDespite the increase in BTC holdings, Bitdeer’s February BTC production fell to 110 BTC (from 126 BTC in January), partly due to February’s shorter duration.Meanwhile, the firm’s total proprietary hash rate climbed to 9.4 EH/s, up from 8.9 EH/s in December, indicating continued mining expansion.Bitdeer’s Position Among Top MinersWhile Bitdeer’s BTC treasury has grown substantially, it still lags behind industry giants:MARA Holdings – 46,374 BTCRiot Platforms – 18,692 BTCBitdeer remains focused on developing next-generation mining chips, with its latest A3 miner showing enhanced energy efficiency in recent tests.Financial Performance and Stock ReactionBitdeer posted a $531.9 million net loss in Q4 2024, largely attributed to mining rig development investments.Shares of BTDR rose 0.85% to $10.66 on Nasdaq, reflecting investor confidence in the firm’s long-term strategy.OutlookBitdeer’s aggressive accumulation of BTC and hash rate expansion position it as a key player in the mining sector. However, profitability hinges on Bitcoin price stability and operational efficiency as the industry navigates upcoming challenges, including the April 2025 Bitcoin halving, according to CoinDesk.