Bitdeer Sells All Bitcoin Holdings After Mining Profit Margins Slide to Multi-Year Lows
Bitdeer sold its entire bitcoin holdings, reducing its digital asset inventory to zero, after mining profit margins collapsed to multi-year lows. The company cited shrinking margins and weaker bitcoin prices as drivers for liquidating assets to shore up liquidity.
1. Bitcoin Holdings Liquidated
Bitdeer completed a sale of its entire bitcoin inventory on February 20, reducing its digital asset holdings to zero. Management executed the disposals to eliminate exposure amid declining returns from bitcoin mining.
2. Mining Profit Margins Slide
The sale followed bitcoin mining profit margins sliding to their lowest levels in over two years, as rising operational costs and lower bitcoin prices squeezed returns. Margins fell below break-even in January, marking a sharp downturn in mining economics.
3. Strategic Liquidity Move
Proceeds from the bitcoin disposals will bolster Bitdeer’s cash reserves, supporting ongoing investments in next-generation mining hardware. The company aims to strengthen its balance sheet to navigate continued pressure on mining profitability.