Bitdeer sells all 293.2 BTC mined this week to fund AI expansion

Bitdeer has maintained its ‘zero bitcoin’ treasury strategy by selling its entire weekly production of 293.2 BTC. This approach results in a net increase of 0 BTC in the company's holdings, continuing a trend established earlier this year when the firm liquidated its existing Bitcoin reserves.

Rather than holding Bitcoin to benefit from potential price appreciation, Bitdeer is converting its mined production into cash to secure liquidity for operational costs and strategic investments. This capital is intended to fund the expansion of its Artificial Intelligence (AI) and High-Performance Computing (HPC) data center business. The company is actively developing infrastructure in several regions, including a recent acquisition of approximately 200 acres of land in Rockdale, Milam County, Texas, to support these initiatives.

While the strategy minimizes exposure to Bitcoin price volatility and provides predictable cash flow for mining and power expenses, it also means the company does not benefit from significant upward movements in the cryptocurrency market.