Bitdeer’s decision to liquidate all mined Bitcoin amid market pressure highlights the industry practice of selling output to manage costs, with CEO Jihan Wu noting this may change in the future.
Bitdeer Technologies Group has sold its entire weekly Bitcoin production, reducing its holdings to zero. CEO Jihan Wu clarified that this move is not permanent and could change over time. This practice is common in the mining industry, where firms sell mined Bitcoin to cover operational expenses and manage market risks.