Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
One of the largest miners, Bitdeer, has liquidated its entire Bitcoin holdings., 2026/02/22 15:31:59
Related Posts
The Singapore-based Bitcoin mining company Bitdeer has completely liquidated its cryptocurrency holdings. According to a recent financial report, the firm mined 189.8 BTC over the past week and sold the entire amount. The company did not specify the reasons behind the liquidation.
In addition to the mined bitcoins, Bitdeer sold 943.1 BTC from its reserves. For context, in the report dated February 13, the miner indicated a sale of only 179.9 BTC out of 183.4 BTC mined in that week, while reserves remained untouched. It is generally understood that miners typically sell only a portion of their mined cryptocurrency to cover expenses related to electricity, hosting, and equipment.
In February, amid the decline in cryptocurrency prices, miners withdrew a total of 36,000 bitcoins from exchanges. Analysts from CryptoQuant reported that over 12,000 BTC were withdrawn from the largest trading platform, Binance.
Over the past week, Bitdeer’s stock has decreased by 23%, reaching $7.78. The decline in share prices began following the company’s announcement of plans to raise $300 million through the issuance of convertible bonds maturing in 2032. The offering could potentially be expanded by an additional $45 million. Subsequently, the bonds may be converted into company shares, cash, or a combination of both. The funds raised from this issuance are intended for expanding the data center network, developing cloud services for artificial intelligence, creating mining equipment, and addressing general corporate needs.
Previously, Bitdeer claimed to have become the world’s largest Bitcoin miner by computational power, surpassing market leader MARA Holdings. According to the company’s reports, the total capacity of Bitdeer’s farms reached 71 exahashes per second (EH/s), representing 6% of Bitcoin’s global hash rate. The company also emphasized that an increasing amount of capacity is not being leased but is utilized for Bitdeer’s own needs.
