Bitcoin Miner With No Coins: Bitdeer Empties Treasury After $12M Sale to Finance AI

Monday, 23/02/2026 | 20:50 GMT by Jared Kirui
  • Rival Riot Platforms previously sold $200 million worth of Bitcoin to fund its operations and AI expansion.
  • Bitdeer maintains that its liquidation should not concern the broader market because it is preparing liquidity.
Bitcoin (Shutterstock)

Singapore-based mining firm Bitdeer has sold its entire Bitcoin treasury as it reallocates capital into AI and high‑performance computing infrastructure.

The move marks a clear break from the traditional miner strategy of stockpiling coins on the balance sheet and signals a focus on growth in data centers and hash rate instead.

Bitdeer Sells All BTC, Builds Liquidity

In its latest weekly update, the NASDAQ-listed miner and AI infrastructure company reported Bitcoin holdings of zero as of Feb. 20, excluding customer deposits.

The company produced 189.8 BTC during the week and sold the entire amount. With the current value of around $64k per Bitcoin, the amount is approximately $12 million. The sale resulted in net BTC added of minus 943.1 BTC once reserve sales are included.

Bitdeer is reportedly now using its Bitcoin production as a direct source of liquidity instead of treating it as a long‑term treasury asset.

However, the firm said this decision should not worry the broader market. It explained that it is evaluating several powered land acquisition opportunities and considers it prudent to prepare liquidity in advance while it continues to grow hash rate and mine more Bitcoin for shareholders.

You may also like: Largest-Ever $1M Lightning Transaction Marks Bitcoin’s Leap Toward Faster Settlements

Operationally, Bitdeer continues to scale. The company mined 668 BTC in January, up 430% year on year. Its self‑mining hash rate reached 63.2 exahash per second, with total proprietary hash rate at 65.1 EH/s.

Capital‑Intensive AI Push and Sector Trend

Bitdeer is accelerating its push into AI infrastructure. It is rolling out NVIDIA GB200 NVL72 systems in Malaysia and converting multiple sites in the United States and Europe from crypto mining facilities into AI data centers.

To support this strategy, Bitdeer recently priced a $325 million convertible notes offering and completed a 43.5 million dollar equity raise. The proceeds will fund data center expansion, HPC and AI cloud growth, and ASIC development.

Other miners are adopting similar strategies. Riot Platforms has sold 200 million dollars’ worth of bitcoin to fund operations and AI expansion.

Currently facing a bearish momentum, Bitcoin is trading around $64,400, with a modest 24‑hour gain of about 0.14%, while its weekly performance shows a stronger advance of roughly 5.81%, indicating a steady short‑term uptrend despite only marginal day‑to‑day movement.

Singapore-based mining firm Bitdeer has sold its entire Bitcoin treasury as it reallocates capital into AI and high‑performance computing infrastructure.

The move marks a clear break from the traditional miner strategy of stockpiling coins on the balance sheet and signals a focus on growth in data centers and hash rate instead.

Bitdeer Sells All BTC, Builds Liquidity

In its latest weekly update, the NASDAQ-listed miner and AI infrastructure company reported Bitcoin holdings of zero as of Feb. 20, excluding customer deposits.

The company produced 189.8 BTC during the week and sold the entire amount. With the current value of around $64k per Bitcoin, the amount is approximately $12 million. The sale resulted in net BTC added of minus 943.1 BTC once reserve sales are included.

Bitdeer is reportedly now using its Bitcoin production as a direct source of liquidity instead of treating it as a long‑term treasury asset.

However, the firm said this decision should not worry the broader market. It explained that it is evaluating several powered land acquisition opportunities and considers it prudent to prepare liquidity in advance while it continues to grow hash rate and mine more Bitcoin for shareholders.

You may also like: Largest-Ever $1M Lightning Transaction Marks Bitcoin’s Leap Toward Faster Settlements

Operationally, Bitdeer continues to scale. The company mined 668 BTC in January, up 430% year on year. Its self‑mining hash rate reached 63.2 exahash per second, with total proprietary hash rate at 65.1 EH/s.

Capital‑Intensive AI Push and Sector Trend

Bitdeer is accelerating its push into AI infrastructure. It is rolling out NVIDIA GB200 NVL72 systems in Malaysia and converting multiple sites in the United States and Europe from crypto mining facilities into AI data centers.

To support this strategy, Bitdeer recently priced a $325 million convertible notes offering and completed a 43.5 million dollar equity raise. The proceeds will fund data center expansion, HPC and AI cloud growth, and ASIC development.

Other miners are adopting similar strategies. Riot Platforms has sold 200 million dollars’ worth of bitcoin to fund operations and AI expansion.

Currently facing a bearish momentum, Bitcoin is trading around $64,400, with a modest 24‑hour gain of about 0.14%, while its weekly performance shows a stronger advance of roughly 5.81%, indicating a steady short‑term uptrend despite only marginal day‑to‑day movement.

About the Author: Jared Kirui
Jared Kirui
  • 2631 Articles
  • 53 Followers
About the Author: Jared Kirui
Jared is an experienced financial journalist passionate about all things forex and CFDs.
  • 2631 Articles
  • 53 Followers

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