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Bitdeer sells all mined Bitcoin, holding zero BTC to fund expansion amid Q1 losses.

Protocol Fundamentals
29 May 2026
Crypto Briefing
View Source
Neutral
pluang ai news

Bitdeer Technologies sold all 206.2 BTC mined last week, maintaining its zero-treasury policy of converting mined Bitcoin into cash immediately to support aggressive growth. Despite a 170% revenue increase to $188.9 million in Q1 2026, the company reported a net loss of $159.5 million, highlighting high expansion costs. Bitdeer’s strategy separates mining operations from Bitcoin price risk, focusing on mining efficiency and AI cloud services expansion. However, the lack of Bitcoin reserves means no cushion if mining profits decline or AI revenues are delayed, requiring a clear path to profitability going forward.

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