Bitdeer Liquidates Entire Bitcoin Treasury, Shifts Focus to AI Data Centers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy BTDR?
Source: Yahoo Finance
- Complete Bitcoin Liquidation: Bitdeer has sold all of its self-owned Bitcoin, reducing its treasury to zero amid Bitcoin trading below $68,000, indicating significant liquidity concerns and declining profitability for the company.
- Mining Profits at All-Time Lows: On February 21, Bitdeer mined nearly 184 BTC and sold the entire batch, highlighting the urgency to liquidate assets as mining profits hit historical lows, reflecting broader market pressures.
- Sign of Industry Transformation: With ongoing declines in Bitcoin mining profitability, approximately 70% of public miners are reallocating infrastructure towards AI and high-performance computing, marking Bitdeer's actions as a clear signal of structural changes within the mining sector.
- Capital Restructuring and Expansion: Bitdeer announced a $43.7 million equity offering alongside a convertible note agreement worth up to $325 million, aimed at supporting its shift towards AI and HPC, indicating a significant strategic pivot for the company.
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Analyst Views on BTDR
Wall Street analysts forecast BTDR stock price to rise
10 Analyst Rating
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 7.940
Low
25.00
Averages
32.60
High
40.00
Current: 7.940
Low
25.00
Averages
32.60
High
40.00
About BTDR
Bitdeer Technologies Group is a technology company for blockchain. It provides computing solutions for customers. The Company handles processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, and equipment management. It primarily operates three business lines, namely self-mining, hash rate sharing, and hosting. Self-mining refers to cryptocurrency mining for its own account, which allows it to directly capture the high appreciation potential of cryptocurrency. It offers two types of hash rate sharing solutions, namely Cloud Hash Rate and Hash Rate Marketplace. Through Cloud Hash Rate, the Company sells its hash rate to customers. It offers hash rate subscription plans at a fixed price and shares mining income with them under certain arrangements. Its hosting services offer customers one-stop mining rig hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bitdeer Technologies Group Prices Direct Stock Offering
- Direct Offering Pricing: Bitdeer Technologies Group has priced its registered direct offering of 5,503,030 Class A ordinary shares at $7.94 per share, expected to close on February 26, 2026, with estimated net proceeds of approximately $43.5 million, enhancing the company's capital structure.
- Planned Use of Funds: The net proceeds from the registered direct offering and notes offering will be allocated to cover $29.2 million in capped call transaction costs and $138.2 million for repurchasing convertible senior notes, aimed at optimizing financial health and reducing debt burden.
- Future Development Strategy: Remaining net proceeds will be directed towards datacenter expansion, HPC and AI cloud business growth, and ASIC mining rig development, indicating the company's commitment to future technological advancements.
- Transaction Completion Conditions: The completion of the registered direct offering is contingent upon the successful execution of the notes offering and note repurchase transactions, highlighting the complexity of Bitdeer's capital market operations and its focus on liquidity management.
See More
BITDEER TECHNOLOGIES GROUP: REVEALS PRICING FOR DIRECT OFFERING OF 5,503,030 CLASS A ORDINARY SHARES
- Company Announcement: Bitdeer Technologies Group has announced the pricing of its registered direct offering.
- Offering Details: The offering consists of 5,503,030 Class A ordinary shares.
See More
BITDEER TECHNOLOGIES GROUP ANNOUNCES PRICING FOR $325 MILLION IN 5.00% CONVERTIBLE SENIOR NOTES MATURING IN 2032
Company Overview: Bitdeer Technologies Group is involved in cryptocurrency mining and has announced a significant financial move.
Financial Details: The company is pricing a principal amount of $325 million in convertible senior notes due in 2032, with an interest rate of 5.00%.
See More
BITDEER REVEALS PRICING FOR INCREASED US$325.0 MILLION CONVERTIBLE SENIOR NOTES OFFERING
- Announcement of Pricing: Bitdeer has announced the pricing of its upsized convertible senior notes offering, totaling $325 million.
- Convertible Notes Details: The offering consists of convertible senior notes, which are a type of debt security that can be converted into equity under certain conditions.
See More
Bitdeer Liquidates Entire Bitcoin Treasury, Shifts Focus to AI Data Centers
- Complete Bitcoin Liquidation: Bitdeer has sold all of its self-owned Bitcoin, reducing its treasury to zero amid Bitcoin trading below $68,000, indicating significant liquidity concerns and declining profitability for the company.
- Mining Profits at All-Time Lows: On February 21, Bitdeer mined nearly 184 BTC and sold the entire batch, highlighting the urgency to liquidate assets as mining profits hit historical lows, reflecting broader market pressures.
- Sign of Industry Transformation: With ongoing declines in Bitcoin mining profitability, approximately 70% of public miners are reallocating infrastructure towards AI and high-performance computing, marking Bitdeer's actions as a clear signal of structural changes within the mining sector.
- Capital Restructuring and Expansion: Bitdeer announced a $43.7 million equity offering alongside a convertible note agreement worth up to $325 million, aimed at supporting its shift towards AI and HPC, indicating a significant strategic pivot for the company.
See More
Justin Sun Addresses Bitdeer's Bitcoin Liquidation: Future Holdings Still Possible
Response to Bitcoin Sell-off: Wu Jihan addressed the recent incident where Bitdeer sold off all its Bitcoin, emphasizing that having a zero balance now does not guarantee it will remain that way in the future.
Complete Mining Output Sold: In addition to selling all its Bitcoin, Bitdeer has also completely sold off its mining output for the week.
See More
Bitdeer Technologies Group Prices Direct Stock Offering
- Direct Offering Pricing: Bitdeer Technologies Group has priced its registered direct offering of 5,503,030 Class A ordinary shares at $7.94 per share, expected to close on February 26, 2026, with estimated net proceeds of approximately $43.5 million, enhancing the company's capital structure.
- Planned Use of Funds: The net proceeds from the registered direct offering and notes offering will be allocated to cover $29.2 million in capped call transaction costs and $138.2 million for repurchasing convertible senior notes, aimed at optimizing financial health and reducing debt burden.
- Future Development Strategy: Remaining net proceeds will be directed towards datacenter expansion, HPC and AI cloud business growth, and ASIC mining rig development, indicating the company's commitment to future technological advancements.
- Transaction Completion Conditions: The completion of the registered direct offering is contingent upon the successful execution of the notes offering and note repurchase transactions, highlighting the complexity of Bitdeer's capital market operations and its focus on liquidity management.
See More
BITDEER TECHNOLOGIES GROUP: REVEALS PRICING FOR DIRECT OFFERING OF 5,503,030 CLASS A ORDINARY SHARES
- Company Announcement: Bitdeer Technologies Group has announced the pricing of its registered direct offering.
- Offering Details: The offering consists of 5,503,030 Class A ordinary shares.
See More
BITDEER TECHNOLOGIES GROUP ANNOUNCES PRICING FOR $325 MILLION IN 5.00% CONVERTIBLE SENIOR NOTES MATURING IN 2032
Company Overview: Bitdeer Technologies Group is involved in cryptocurrency mining and has announced a significant financial move.
Financial Details: The company is pricing a principal amount of $325 million in convertible senior notes due in 2032, with an interest rate of 5.00%.
See More
BITDEER REVEALS PRICING FOR INCREASED US$325.0 MILLION CONVERTIBLE SENIOR NOTES OFFERING
- Announcement of Pricing: Bitdeer has announced the pricing of its upsized convertible senior notes offering, totaling $325 million.
- Convertible Notes Details: The offering consists of convertible senior notes, which are a type of debt security that can be converted into equity under certain conditions.
See More
Bitdeer Liquidates Entire Bitcoin Treasury, Shifts Focus to AI Data Centers
- Complete Bitcoin Liquidation: Bitdeer has sold all of its self-owned Bitcoin, reducing its treasury to zero amid Bitcoin trading below $68,000, indicating significant liquidity concerns and declining profitability for the company.
- Mining Profits at All-Time Lows: On February 21, Bitdeer mined nearly 184 BTC and sold the entire batch, highlighting the urgency to liquidate assets as mining profits hit historical lows, reflecting broader market pressures.
- Sign of Industry Transformation: With ongoing declines in Bitcoin mining profitability, approximately 70% of public miners are reallocating infrastructure towards AI and high-performance computing, marking Bitdeer's actions as a clear signal of structural changes within the mining sector.
- Capital Restructuring and Expansion: Bitdeer announced a $43.7 million equity offering alongside a convertible note agreement worth up to $325 million, aimed at supporting its shift towards AI and HPC, indicating a significant strategic pivot for the company.
See More
Justin Sun Addresses Bitdeer's Bitcoin Liquidation: Future Holdings Still Possible
Response to Bitcoin Sell-off: Wu Jihan addressed the recent incident where Bitdeer sold off all its Bitcoin, emphasizing that having a zero balance now does not guarantee it will remain that way in the future.
Complete Mining Output Sold: In addition to selling all its Bitcoin, Bitdeer has also completely sold off its mining output for the week.
See More
