Singapore-based Bitdeer, a global leader in the cryptocurrency mining industry, has completely liquidated its reserves of the first cryptocurrency on the open market. Despite the drastic nature of this move, the company's management urges investors to remain calm and emphasizes that mining operations are continuing as usual. CEO Jihan Wu explained that the current balance reset is a temporary strategic measure and does not rule out resuming reserve accumulation in the near future.

Bitdeer confirmed its status as a major player back in 2025, when its total computing power reached an impressive 71 EH/s, allowing it to surpass its long-standing competitor, MARA Holdings. The company currently accounts for approximately 7% of the global hashrate, which stabilized at 1,000 EH/s in early 2026. According to its latest report for the week ending February 20, the miner sold not only the 943.1 BTC it had previously accumulated, but also its entire newly mined supply of 189.8 BTC.

This large-scale asset liquidation is driven by the need to accumulate liquidity for aggressive expansion. Bitdeer plans to use the proceeds to acquire new land for the construction of data centers and to finance a $300 million bond issue. The proceeds will be used to develop high-tech infrastructure, including artificial intelligence (AI) and the production of its own next-generation mining equipment.

The decision to completely liquidate its coins comes amid extremely challenging industry conditions: mining difficulty has jumped by almost 15%, and the Hashprice profitability index has hit a new all-time low, falling to $27.48 per PH/s per day. While competitors like MARA and Riot continue to hold tens of thousands of coins on their balance sheets, Bitdeer's strategy appears to be an attempt to hedge against a Bitcoin price drop below $63,000 and redirect resources to the real infrastructure sector. Thus, the company is transforming from a simple digital gold accumulator into a multifaceted tech giant capable of surviving any market volatility.