Bitdeer Technologies (BTDR) increased its bitcoin (BTC) reserves by nearly 75% over the past two months, shifting some of its mining rigs to self-production as clients requested to postpone payments for the SEALMINER A2 units amid a significant drop in the price of the largest cryptocurrency.
As of February 2025, the Singapore-based company’s holdings climbed to 1,039 BTC, up from 594 BTC in December, according to a company announcement. This increase places Bitdeer among the leading bitcoin miners in terms of BTC treasuries, although it still falls behind the largest holders: MARA Holdings with 46,374 BTC and Riot Platforms with 18,692 BTC.
Bitdeer is primarily focused on advancing its bitcoin mining chip technology and has reported that its new A3 miner demonstrated notable energy efficiency in recent evaluations. The company recorded a net loss of $531.9 million in the fourth quarter, attributed to expenditures on its mining rig development.
In February, the mining firm produced 110 BTC, a decrease from 126 BTC in January, partially due to the shorter month. Its total proprietary hash rate has risen to 9.4 exahashes per second (EH/s), an increase from 8.9 EH/s in December.
The company’s stock price increased by 0.85%, reaching $10.66 in Nasdaq trading.
