Bitdeer has sold all its Bitcoin to enhance liquidity for new property acquisitions and is shifting focus towards AI infrastructure.
Bitdeer, a prominent mining company, has announced its decision to liquidate all its Bitcoin holdings, a strategic move aimed at financing new property acquisitions. The firm reassured investors that this decision should not alarm the market, as it is part of a broader strategy to enhance liquidity.
"Our decision to sell Bitcoin should not be a concern for the broader market. We are currently evaluating multiple non-binding powered land acquisition opportunities, and we believe it is prudent to prepare liquidity now," stated Bitdeer on its official Twitter account.
Recently, Bitdeer has overtaken MARA Holdings, becoming the largest public miner by hash rate, currently standing at 63.2 EH/s. In its latest report, the company disclosed that it had sold approximately 943.1 BTC, valued at around $62 million at the time, including 189.9 BTC mined in the preceding week.
"The current value of 0 does not mean it will always be this way," remarked Jihan Wu, Bitdeer's CEO.
This liquidation of Bitcoin reserves is interpreted by some as a potential indicator of market stabilization, especially as miner revenues have plummeted from $1.59 billion in October 2025 to $1.12 billion in January 2026. This decline has led to what is termed miner capitulation, where companies sell their Bitcoin to sustain operations.
Stock Performance and Tether's Investment
Bitdeer’s stock has experienced a significant drop of 46% over the past month. In response, Tether has capitalized on this decline, investing $42 million to increase its stake in Bitdeer to over 20%. Tether now owns 38.3 million Class A shares of the company.
Earlier, Tether had reduced its stake in Bitdeer, selling approximately 7.7 million shares at an average price of $21.6, raising $166 million amid rising stock prices.
Shift Towards AI Infrastructure
In addition to its focus on expanding hash rate, Bitdeer is also pivoting towards artificial intelligence. The company is launching NVIDIA GB200 NVL72 systems in Malaysia and repurposing several mining sites in the U.S. and Europe into data centers for AI applications. This transition necessitates substantial capital investment due to the need for advanced GPU clusters and data center enhancements.
To support this shift, Bitdeer has issued $325 million in convertible bonds and raised $43.5 million through a stock offering aimed at funding data center expansion and cloud AI solutions. The competitive landscape is shifting as well, with firms like Riot Platform and Bitfarms also moving towards AI initiatives, reflecting a broader industry trend.
As of February 19, Bitcoin mining difficulty saw a significant increase of 14.73%, now set at 144.4 T, further complicating the mining landscape.
