The Singapore-based mining firm has liquidated its entire Bitcoin holdings while raising capital to expand data centers and develop AI-driven infrastructure.
Bitdeer Technologies has sold 1,132.9 Bitcoin, bringing its net holdings to zero. The sale coincided with a $325 million convertible notes issuance on the 21st, aimed at funding expansion in data centers, AI cloud infrastructure, and ASIC chip development. The move signals a strategic shift from passive asset holding to active capital deployment, common among major mining operators seeking operational scalability.