Bitdeer Says It Mined and Sold 206.2 Bitcoin in Week Ended May 29
Bitdeer has continued selling all mined Bitcoin under its zero-balance treasury policy, while directing capital toward infrastructure, ASIC development, and AI data center expansion despite ongoing losses.
Bitdeer reported that it mined 206.2 Bitcoin in the week ended May 29 and sold the full amount, excluding customer deposits, leaving its Bitcoin holdings at zero. The update adds that Bitdeer has maintained this zero-balance treasury policy since emptying its treasury at the end of February, after starting the year with about 2,000 BTC and liquidating those holdings over eight weeks, including a sale of 943.1 BTC in the final week of the drawdown beyond normal production sales. According to the report, Bitdeer has since sold all mined Bitcoin each week rather than retaining reserves. The company expanded its self-mining hashrate to 63.2 EH/s and produced 783 BTC in April, but sold all of it. The report says Bitdeer raised $325 million through convertible notes and $43.5 million in equity earlier this year to fund data centers, next-generation ASICs, and AI cloud services. It also states that Q1 2026 revenue rose about 170% year over year to $188.9 million, while net loss totaled $159.5 million, and that AI Cloud Services revenue reached an annualized run rate above $69 million.
- treasury policy: A company’s approach to holding or selling assets on its balance sheet, in this case whether mined Bitcoin is retained or immediately sold.
- hashrate: A measure of Bitcoin mining computing power, typically expressed in exahashes per second, indicating the scale of a miner’s operations.
- ASICs: Application-specific integrated circuits, which are specialized chips designed to perform Bitcoin mining more efficiently than general-purpose hardware.