Bitdeer sold all its bitcoin to fund its move into AI data centers
Analysis
Price Impact
MedBitdeer selling all its btc holdings to fund ai data centers is a significant event for the company and the mining sector. while it doesn't directly impact bitcoin's overall market cap immediately, it signals a potential shift in strategy for miners, moving away from hoarding btc towards diversification into more predictable revenue streams like ai. this could lead to increased selling pressure on btc from miners in the future, but also highlights the growing intersection of crypto mining infrastructure and ai, which could be a positive catalyst for the broader tech sector.
Trustworthiness
HighThe news comes from a reputable crypto news source (coindesk) and directly quotes bitdeer's actions and statements. the financial data and company strategy shift are clearly outlined, making the information reliable.
Price Direction
BearishThe immediate bearish pressure on btc comes from bitdeer selling its entire holdings. while the amount sold might not drastically alter bitcoin's price in the short term, it contributes to overall selling pressure. more importantly, the strategic shift by a mining company away from holding btc could signal a trend that might lead to more miners liquidating their btc reserves in the future, especially if ai infrastructure proves to be a more stable and profitable venture.
Time Effect
LongThe long-term effect could be more pronounced. if other mining companies follow bitdeer's lead and pivot towards ai infrastructure, this could lead to a sustained reduction in the amount of btc held by miners. this would fundamentally change the treasury management strategies of mining operations and could impact the long-term supply dynamics of bitcoin if selling becomes a consistent practice rather than opportunistic.
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Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitdeer sold all its bitcoin to fund its move into AI data centers Singapore based BTC and AI miner sells all holdings to build liquidity for expansion, signaling a broader shift in capital strategy across the sector. By James Van Straten | Edited by Jamie Crawley Feb 23, 2026, 9:58 a.m. Make us preferred on Google Mining, Bitcoin miners, fans (Michal Bednarek/Shutterstock) What to know : Bitdeer (BTDR) reduced its bitcoin holdings to zero as of Feb. 20, in its latest weekly update to prepare liquidity for powered land acquisitions. The move marks a break from the traditional miner strategy of hoarding bitcoin as a treasury asset, as the company prioritizes hash rate growth and infrastructure expansion. Bitdeer recently priced a $325 million convertible notes offering and a $43.5 million equity raise to fund datacenter expansion, HPC and AI cloud growth. Bitdeer (BTDR) a Singapore-based bitcoin mining and AI infrastructure company has reduced its bitcoin treasury stash to zero, marking a sharp break from the miner playbook of hoarding coins as a signal of conviction seen by the likes of Strategy (MSTR). The company reported BTC holdings of zero as of Feb. 20, excluding customer deposits. It produced 189.8 BTC on their weekly update and sold the entire amount. Instead of positioning bitcoin as a balance sheet reserve, Bitdeer is turning production into liquidity. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . Bitdeer said the decision to sell bitcoin should not concern the broader market, in a post on X , noting it is evaluating multiple powered land acquisition opportunities and believes it is prudent to prepare liquidity now, while continuing to grow hash rate and mine more bitcoin for shareholders. Operationally, growth remains intact for the company. Bitdeer mined 668 bitcoin in January , up 430% year over year, and increased its self mining hash rate to 63.2 EH per second (EH/s), with total proprietary hash rate reaching 65.1 EH/s. Bitdeer is accelerating its push into AI infrastructure, rolling out NVIDIA GB200 NVL72 systems in Malaysia and advancing conversions of several sites in the U.S. and Europe from crypto mining to AI data centers. AI expansion is far more capital intensive than incremental mining buildouts, requiring large scale GPU clusters and data center upgrades. Bitdeer recently priced a $325 million convertible notes offering and a $43.5 million equity raise to fund datacenter expansion, HPC and AI cloud growth, and ASIC development. Unlike bitcoin mining, which is tied to price cycles and halvings, AI and HPC contracts can offer more predictable revenue streams. The pivot also represents an attempt by miners to be valued less as leveraged bitcoin proxies and more as digital infrastructure and AI plays. Peers are moving in the same direction. Riot Platforms (RIOT) recently sold $200 million worth of bitcoin to fund operations and AI expansion. While Bitfarms (BITF) are dropping its “bitcoin company” identity and doubled down on AI in the U.S. MARA Holdings (MARA) is also expanding into HPC and AI through a planned 64% stake in France based Exaion. Bitdeer shares are down 1% in pre-market, trading at $7.70 per share. Bitcoin News AI Bitdeer Mining Revenue More For You Circle Internet, crypto miners report earnings: Crypto Week Ahead By Francisco Rodrigues | Edited by Sheldon Reback 35 minutes ago Your look at what's coming in the week starting Feb. 23 What to know : You are reading Crypto Week Ahead: a comprehensive list of what's coming up in the world of cryptocurrencies and blockchain in the coming days, as well as the major macroeconomic events that will influence digital asset markets. For an updated daily email reminder of what's expected, click here to sign up for Crypto Daybook Americas. You won't want to start your day without it. 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