Bitdeer Technologies (BTDR) increased its bitcoin (BTC) holdings by nearly 75% over a span of two months, reallocating some of its mining equipment to focus on self-production after clients requested extensions on payments for the SEALMINER A2 units during a significant drop in the cryptocurrency’s price.
As of February 2025, the Singapore-based firm reported its BTC holdings had grown to 1,039, up from 594 in December. This rise positions the company among the leading bitcoin miners regarding BTC treasuries, although it still lags behind major holders like MARA Holdings, which has 46,374 BTC, and Riot Platforms with 18,692 BTC.
The primary emphasis for Bitdeer is the innovation of its bitcoin mining chips. The company announced that its latest A3 miner demonstrated notable energy efficiency in recent evaluations. However, it recorded a net loss of $531.9 million for the fourth quarter, which was attributed to investments in the development of its mining rigs.
In terms of production, the mining operation generated 110 BTC in February, a slight decline from 126 BTC in January, partially due to the shorter month. Its total proprietary hash rate rose to 9.4 exahashes per second (EH/s), an increase from 8.9 EH/s reported in December.
The company’s shares gained 0.85% in Nasdaq trading, reaching a price of $10.66.