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Bitdeer is the world's leading provider of digital asset mining services. Since its establishment, Bitdeer has committed to providing a full range of reliable miner-sharing services, compliant global mining infrastructure, and efficient smart mining management services for users around the world. It enables anyone, experienced or novice users, to start mining with just one click.
Bitcoin Treasury Companies Shift Strategy: Selling BTC, Repaying Debt, and Betting on AI as Stock Plunges Force Strategic Pivot
Odaily News As Bitcoin prices have experienced a significant correction, publicly listed companies that had accumulated large BTC holdings are facing multiple challenges, including falling stock prices, debt pressures, and a deteriorating financing environment. Some of these companies are now starting to sell Bitcoin, repay debts, and even pivot towards artificial intelligence (AI) data center operations.Strategy pioneered the "Digital Asset Treasury (DAT)" model, continuously purchasing Bitcoin through financing and borrowing, inspiring a wave of other listed companies to follow suit. However, as the BTC price has fallen approximately 50% from its peak of around $126,000 in October 2025, the stock prices of related companies have also shrunk significantly, forcing them to reassess their BTC accumulation strategies.This week, shareholders of London-listed company Satsuma Technology approved the liquidation of all 668 BTC, returning capital to shareholders, while proceeding with delisting. Another London-listed company, The Smarter Web Company, sold 178 BTC to repay its convertible debt.Additionally, Sequans Communications has sold 1,025 BTC and further sold nearly 80% of its remaining holdings to repay convertible bonds. The company stated it will not continue purchasing Bitcoin in the future and plans to sell the remaining approximately 658 BTC.Nakamoto's stock price has fallen approximately 99% since its SPAC listing in May 2025. The company recently sold about 284 BTC, raising approximately $20 million for working capital. Of its remaining approximately 5,342 BTC, nearly 70% has been pledged as collateral for loans from Kraken, which market observers believe poses a potential risk event.Meanwhile, Bitcoin mining companies are also adjusting their strategies. Companies like Bitdeer Technologies and MARA Holdings are selling portions of their BTC to repurchase shares, repay debts, and redirect energy resources and computing infrastructure towards AI data center operations.Other companies selling BTC include Empery Digital. Data shows that Strategy has recently sold approximately 3,620 BTC and has authorized further asset sales to maintain its U.S. dollar reserves.However, Strategy remains the world's largest corporate holder of Bitcoin, with holdings exceeding 840,000 BTC. The company's CEO, Michael Saylor, stated that while it may sell some Bitcoin in the future to pay dividends, this does not mean the company is exiting its Bitcoin investment.Beyond asset adjustments, management and capital operations at some Bitcoin treasury companies are also changing. Jack Mallers has stepped down as CEO; and Bitcoin Standard Treasury Company (BSTR), affiliated with Adam Back, failed to complete a proposed merger due to the deteriorating market environment.Analysts believe that with rising financing costs and increased BTC price volatility, the "borrowing to buy Bitcoin" treasury model is undergoing a reshuffle. Some companies are shifting from simply hoard
Wall Street analysts upgraded ratings for several crypto companies, believing the market has undervalued their AI infrastructure and capital markets transformation potential.
According to The Block, three Wall Street firms—Benchmark, TD Cowen, and Mizuho—maintained “Buy” ratings on four crypto-related companies—Bitdeer, DeFi Technologies, Strive, and Gemini—on Monday, noting that the market continues to value these platforms, which have pivoted toward AI infrastructure, capital markets tools, and structured financial products, using trading-business valuation multiples. Benchmark analysts reiterated their “Buy” rating on Bitdeer and $27 price target, highlighting its global power asset portfolio of approximately 3.0 GW and the growth of its AI cloud business’s annual recurring revenue—from roughly $10 million at the end of January to approximately $69 million by the end of April. TD Cowen raised its price target for Strive to $30, forecasting a 26.1% Bitcoin yield for the company in 2026. Mizuho maintained its “Outperform” rating on Gemini but lowered its price target from $12 to $10, noting that although Q1 trading volume declined by over 50%, trading revenue remained largely flat—reflecting higher fee rates and an optimized revenue mix.
Bitcoin Treasury Companies Shift Strategy: Selling BTC, Repaying Debt, and Betting on AI as Stock Plunges Force Strategic Pivot
Odaily News As Bitcoin prices have experienced a significant correction, publicly listed companies that had accumulated large BTC holdings are facing multiple challenges, including falling stock prices, debt pressures, and a deteriorating financing environment. Some of these companies are now starting to sell Bitcoin, repay debts, and even pivot towards artificial intelligence (AI) data center operations.Strategy pioneered the "Digital Asset Treasury (DAT)" model, continuously purchasing Bitcoin through financing and borrowing, inspiring a wave of other listed companies to follow suit. However, as the BTC price has fallen approximately 50% from its peak of around $126,000 in October 2025, the stock prices of related companies have also shrunk significantly, forcing them to reassess their BTC accumulation strategies.This week, shareholders of London-listed company Satsuma Technology approved the liquidation of all 668 BTC, returning capital to shareholders, while proceeding with delisting. Another London-listed company, The Smarter Web Company, sold 178 BTC to repay its convertible debt.Additionally, Sequans Communications has sold 1,025 BTC and further sold nearly 80% of its remaining holdings to repay convertible bonds. The company stated it will not continue purchasing Bitcoin in the future and plans to sell the remaining approximately 658 BTC.Nakamoto's stock price has fallen approximately 99% since its SPAC listing in May 2025. The company recently sold about 284 BTC, raising approximately $20 million for working capital. Of its remaining approximately 5,342 BTC, nearly 70% has been pledged as collateral for loans from Kraken, which market observers believe poses a potential risk event.Meanwhile, Bitcoin mining companies are also adjusting their strategies. Companies like Bitdeer Technologies and MARA Holdings are selling portions of their BTC to repurchase shares, repay debts, and redirect energy resources and computing infrastructure towards AI data center operations.Other companies selling BTC include Empery Digital. Data shows that Strategy has recently sold approximately 3,620 BTC and has authorized further asset sales to maintain its U.S. dollar reserves.However, Strategy remains the world's largest corporate holder of Bitcoin, with holdings exceeding 840,000 BTC. The company's CEO, Michael Saylor, stated that while it may sell some Bitcoin in the future to pay dividends, this does not mean the company is exiting its Bitcoin investment.Beyond asset adjustments, management and capital operations at some Bitcoin treasury companies are also changing. Jack Mallers has stepped down as CEO; and Bitcoin Standard Treasury Company (BSTR), affiliated with Adam Back, failed to complete a proposed merger due to the deteriorating market environment.Analysts believe that with rising financing costs and increased BTC price volatility, the "borrowing to buy Bitcoin" treasury model is undergoing a reshuffle. Some companies are shifting from simply hoard
Multiple listed companies are abandoning their bitcoin reserve strategies, with Bitdeer, Prenetics, and others having fully liquidated their BTC holdings
Odaily Odaily报道，VanEck数字资产研究主管Matthew Sigel在X平台发文表示，自2026年以来，多家采用数字资产财库（DAT）策略的上市公司已放弃或调整比特币储备策略。其中，Satsuma Technology、Bitdeer、Prenetics、Genius Group、Vaultz Capital、MAIA Biotechnology等公司已出售全部比特币或数字资产持仓；MARA Holdings、Strategy、Nakamoto、Smarter Web Company、Cango等则通过出售部分比特币用于偿债、回购股份或补充营运资金。此外，Exodus、DigitalX等企业也由单纯囤币转向主动管理数字资产持仓。
Wall Street analysts upgraded ratings for several crypto companies, believing the market has undervalued their AI infrastructure and capital markets transformation potential.
According to The Block, three Wall Street firms—Benchmark, TD Cowen, and Mizuho—maintained “Buy” ratings on four crypto-related companies—Bitdeer, DeFi Technologies, Strive, and Gemini—on Monday, noting that the market continues to value these platforms, which have pivoted toward AI infrastructure, capital markets tools, and structured financial products, using trading-business valuation multiples. Benchmark analysts reiterated their “Buy” rating on Bitdeer and $27 price target, highlighting its global power asset portfolio of approximately 3.0 GW and the growth of its AI cloud business’s annual recurring revenue—from roughly $10 million at the end of January to approximately $69 million by the end of April. TD Cowen raised its price target for Strive to $30, forecasting a 26.1% Bitcoin yield for the company in 2026. Mizuho maintained its “Outperform” rating on Gemini but lowered its price target from $12 to $10, noting that although Q1 trading volume declined by over 50%, trading revenue remained largely flat—reflecting higher fee rates and an optimized revenue mix.
Publicly traded Bitcoin mining companies sold over 32,000 BTC in Q1 2026—more than the entire year of 2025
According to Cointelegraph, publicly listed Bitcoin mining companies collectively sold over 32,000 BTC in Q1 2026—exceeding their total sales for all of 2025 and setting a new quarterly record. Data from TheMinerMag indicates that the relevant companies include MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer. The report also notes that the current miner hash price stands at approximately $33 per PH/s per day—below the breakeven level of roughly $35 per PH/s per day for some mining firms. Additionally, according to CryptoQuant data, Bitcoin miners’ reserves have declined from over 1.86 million BTC in 2023 to approximately 1.8 million BTC.
Bitdeer Mined 990 BTC in June, AI Cloud Annualized Revenue Run Rate Reaches $76 Million
: Bitcoin mining company Bitdeer Technologies Group mined 990 BTC in June, representing a 7.5% increase from 921 BTC in May and a 388% surge compared to 203 BTC in the same period last year. As of the end of June, its proprietary mining hashrate reached 73 EH/s, up from 70.2 EH/s in May and 16.5 EH/s in the same period last year. Bitdeer's proprietary mining machine count increased by 12,000 units to 243,000 units in June, while operating 56,000 self-owned mining machines under joint mining arrangements at third-party data centers. The related hashrate increased by 59% month-over-month to 15.9 EH/s. The company held 150 BTC at the end of June, down from 171 BTC at the end of May. Bitdeer stated that its AI Cloud annualized revenue run rate increased from $69 million in May to approximately $76 million, with GPU utilization rising from 90% to 95% and externally subscribed GPUs increasing from 3,305 units to 3,517 units. This run rate is calculated by annualizing the daily revenue from contractual GPU orders still active at the end of the month and does not represent recognized annual revenue or revenue projections. Bitdeer has completed customer delivery for a five-year GPU cloud contract, with the deployment including two NVIDIA GB300 NVL72 clusters. The company has also signed a 10-year lease for a data center in Johor Bahru, Malaysia, providing 21.7 megawatts of information technology capacity. Scheduled for delivery in the first quarter of 2027, the facility will support 128 NVIDIA GB300 NVL72 systems.
Bitdeer 6月运营更新：当月共挖出 990枚 BTC，同比增长 388%
据 Bitdeer（$BTDR）官方披露，公司发布 2026年 6 月生产与运营更新：当月共挖出 990枚 BTC，同比增长 388%；AICloud 年度经常性收入（ARR）增至约 7600 万美元，利用率达 95%。与此同时，公司已在内华达州启动 SEALMINER 矿机制造设施建设，预计 2026 年底竣工；挪威 Tydal的 AIDC 托管租赁协议已正式签署（附先决条件）；并与马来西亚签订一份为期 10 年、容量 21.7 IT MW 的数据中心租赁协议，计划于 2027年 Q1 移交运营。
Bitdeer mined 990 BTC in June, up 388% year-on-year
Nasdaq-listed Bitcoin mining company Bitdeer released its unaudited production and operations update for June 2026. The company mined 990 Bitcoins in June, a 388% increase year-over-year; self-mining hash rate reached 73 EH/s, with total managed hash rate at 86.1 EH/s and 243,000 self-owned mining machines. Its Sealminer manufacturing facility in Nevada has broken ground, with completion expected by the end of 2026.On the AI cloud business front, monthly ARR rose to $76 million, with GPU utilization at 95%, and delivery of the NVIDIA GB300 NVL72 cluster has been completed. Bitdeer's total global controllable power capacity has reached 3.02 GW, with multiple crypto data centers simultaneously advancing plans to transition into AI computing centers. (Globenewswire)
Bitdeer maintains zero Bitcoin holdings, selling 244.3 BTC this week
Nasdaq-listed Bitcoin mining company Bitdeer released its latest Bitcoin holdings data on platform X. For the week ending July 17, its Bitcoin mining output was 244.3 BTC, but it sold 244.3 BTC during the same period, resulting in a net increase of 0 BTC. It continues to maintain zero Bitcoin holdings.
Bitdeer maintains zero Bitcoin holdings, sells 227.5 BTC this week
Odaily Planet Daily: Nasdaq-listed Bitcoin mining company Bitdeer released its latest Bitcoin holdings data on X. For the week ending July 10, its Bitcoin mining output was 227.5 BTC, but it sold 227.5 BTC during the same period, resulting in a net increase of 0 BTC. The company currently maintains zero Bitcoin holdings.
Bitdeer Sells 253.9 BTC This Week, Maintains Zero Bitcoin Holdings
Bitcoin mining company Bitdeer released its latest Bitcoin holdings data on the X platform. For the week ending June 26, its Bitcoin mining output was 253.9 BTC, but it simultaneously sold 253.9 BTC, resulting in a net increase of 0 BTC. The company continues to maintain zero Bitcoin holdings.
Related news
Bitdeer Sells 271.3 BTC This Week, Maintaining Zero Holdings
Odaily News: Nasdaq-listed Bitcoin mining company Bitdeer has released its latest Bitcoin holdings data on the X platform. For the week ending July 31, its Bitcoin mining output was 271.3 BTC, with 271.3 BTC sold during the same period, resulting in a net increase of 0 BTC. The company continues to maintain zero Bitcoin holdings.
Bitcoin Treasury Companies Shift Strategy: Selling BTC, Repaying Debt, and Betting on AI as Stock Plunges Force Strategic Pivot
Odaily News As Bitcoin prices have experienced a significant correction, publicly listed companies that had accumulated large BTC holdings are facing multiple challenges, including falling stock prices, debt pressures, and a deteriorating financing environment. Some of these companies are now starting to sell Bitcoin, repay debts, and even pivot towards artificial intelligence (AI) data center operations.Strategy pioneered the "Digital Asset Treasury (DAT)" model, continuously purchasing Bitcoin through financing and borrowing, inspiring a wave of other listed companies to follow suit. However, as the BTC price has fallen approximately 50% from its peak of around $126,000 in October 2025, the stock prices of related companies have also shrunk significantly, forcing them to reassess their BTC accumulation strategies.This week, shareholders of London-listed company Satsuma Technology approved the liquidation of all 668 BTC, returning capital to shareholders, while proceeding with delisting. Another London-listed company, The Smarter Web Company, sold 178 BTC to repay its convertible debt.Additionally, Sequans Communications has sold 1,025 BTC and further sold nearly 80% of its remaining holdings to repay convertible bonds. The company stated it will not continue purchasing Bitcoin in the future and plans to sell the remaining approximately 658 BTC.Nakamoto's stock price has fallen approximately 99% since its SPAC listing in May 2025. The company recently sold about 284 BTC, raising approximately $20 million for working capital. Of its remaining approximately 5,342 BTC, nearly 70% has been pledged as collateral for loans from Kraken, which market observers believe poses a potential risk event.Meanwhile, Bitcoin mining companies are also adjusting their strategies. Companies like Bitdeer Technologies and MARA Holdings are selling portions of their BTC to repurchase shares, repay debts, and redirect energy resources and computing infrastructure towards AI data center operations.Other companies selling BTC include Empery Digital. Data shows that Strategy has recently sold approximately 3,620 BTC and has authorized further asset sales to maintain its U.S. dollar reserves.However, Strategy remains the world's largest corporate holder of Bitcoin, with holdings exceeding 840,000 BTC. The company's CEO, Michael Saylor, stated that while it may sell some Bitcoin in the future to pay dividends, this does not mean the company is exiting its Bitcoin investment.Beyond asset adjustments, management and capital operations at some Bitcoin treasury companies are also changing. Jack Mallers has stepped down as CEO; and Bitcoin Standard Treasury Company (BSTR), affiliated with Adam Back, failed to complete a proposed merger due to the deteriorating market environment.Analysts believe that with rising financing costs and increased BTC price volatility, the "borrowing to buy Bitcoin" treasury model is undergoing a reshuffle. Some companies are shifting from simply hoard
Multiple listed companies are abandoning their bitcoin reserve strategies, with Bitdeer, Prenetics, and others having fully liquidated their BTC holdings
Odaily Odaily报道，VanEck数字资产研究主管Matthew Sigel在X平台发文表示，自2026年以来，多家采用数字资产财库（DAT）策略的上市公司已放弃或调整比特币储备策略。其中，Satsuma Technology、Bitdeer、Prenetics、Genius Group、Vaultz Capital、MAIA Biotechnology等公司已出售全部比特币或数字资产持仓；MARA Holdings、Strategy、Nakamoto、Smarter Web Company、Cango等则通过出售部分比特币用于偿债、回购股份或补充营运资金。此外，Exodus、DigitalX等企业也由单纯囤币转向主动管理数字资产持仓。
Bitdeer Mined 990 BTC in June, AI Cloud Annualized Revenue Run Rate Reaches $76 Million
: Bitcoin mining company Bitdeer Technologies Group mined 990 BTC in June, representing a 7.5% increase from 921 BTC in May and a 388% surge compared to 203 BTC in the same period last year. As of the end of June, its proprietary mining hashrate reached 73 EH/s, up from 70.2 EH/s in May and 16.5 EH/s in the same period last year. Bitdeer's proprietary mining machine count increased by 12,000 units to 243,000 units in June, while operating 56,000 self-owned mining machines under joint mining arrangements at third-party data centers. The related hashrate increased by 59% month-over-month to 15.9 EH/s. The company held 150 BTC at the end of June, down from 171 BTC at the end of May. Bitdeer stated that its AI Cloud annualized revenue run rate increased from $69 million in May to approximately $76 million, with GPU utilization rising from 90% to 95% and externally subscribed GPUs increasing from 3,305 units to 3,517 units. This run rate is calculated by annualizing the daily revenue from contractual GPU orders still active at the end of the month and does not represent recognized annual revenue or revenue projections. Bitdeer has completed customer delivery for a five-year GPU cloud contract, with the deployment including two NVIDIA GB300 NVL72 clusters. The company has also signed a 10-year lease for a data center in Johor Bahru, Malaysia, providing 21.7 megawatts of information technology capacity. Scheduled for delivery in the first quarter of 2027, the facility will support 128 NVIDIA GB300 NVL72 systems.
Bitdeer 6月运营更新：当月共挖出 990枚 BTC，同比增长 388%
据 Bitdeer（$BTDR）官方披露，公司发布 2026年 6 月生产与运营更新：当月共挖出 990枚 BTC，同比增长 388%；AICloud 年度经常性收入（ARR）增至约 7600 万美元，利用率达 95%。与此同时，公司已在内华达州启动 SEALMINER 矿机制造设施建设，预计 2026 年底竣工；挪威 Tydal的 AIDC 托管租赁协议已正式签署（附先决条件）；并与马来西亚签订一份为期 10 年、容量 21.7 IT MW 的数据中心租赁协议，计划于 2027年 Q1 移交运营。
Bitdeer mined 990 BTC in June, up 388% year-on-year
Nasdaq-listed Bitcoin mining company Bitdeer released its unaudited production and operations update for June 2026. The company mined 990 Bitcoins in June, a 388% increase year-over-year; self-mining hash rate reached 73 EH/s, with total managed hash rate at 86.1 EH/s and 243,000 self-owned mining machines. Its Sealminer manufacturing facility in Nevada has broken ground, with completion expected by the end of 2026.On the AI cloud business front, monthly ARR rose to $76 million, with GPU utilization at 95%, and delivery of the NVIDIA GB300 NVL72 cluster has been completed. Bitdeer's total global controllable power capacity has reached 3.02 GW, with multiple crypto data centers simultaneously advancing plans to transition into AI computing centers. (Globenewswire)