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Bitdeer Liquidates 943.1 BTC Reserves: Is It a 'Winter Is Coming' for Mining Giants or a 'Breakthrough Rebirth' in the AI Sector?

Bitdeer, a major Bitcoin mining company, has completely liquidated its Bitcoin reserves, selling off 943.1 BTC despite recently becoming the world's largest publicly traded mining firm by self-mining hash rate (63.2 EH/s). This move reflects severe pressure from plummeting mining profitability, driven by a sharp 14.72% increase in Bitcoin network difficulty and a collapse in Hashprice to under $30/PH/s/day—pushing many miners toward unprofitability. Rather than holding volatile Bitcoin assets, Bitdeer is prioritizing cash flow and strategic financial maneuvering. The company raised $325 million via convertible senior notes, partly to restructure debt and hedge against equity dilution, signaling a shift toward sophisticated corporate finance practices. The core strategy involves pivoting from Bitcoin mining to high-performance computing (HPC) and AI cloud services. Bitdeer aims to leverage its energy infrastructure and data center expertise to capture opportunities in the high-demand AI compute market, where long-term contracts offer more stable revenue compared to Bitcoin's volatility. This transition marks a broader industry trend where large miners evolve into diversified energy and compute infrastructure providers, prioritizing capital efficiency and new high-margin opportunities over traditional "HODL" strategies.

marsbit02/23 04:41

Bitdeer Liquidates 943.1 BTC Reserves: Is It a 'Winter Is Coming' for Mining Giants or a 'Breakthrough Rebirth' in the AI Sector?

marsbit02/23 04:41

Interaction Collection | Mahojin Check-in to Earn Points; KAIO Waitlist Application (February 23)

Original Author: Asher (@Asher_ 0210) from Odaily Planet Daily (@OdailyChina) **Mahojin** An AI infrastructure platform aiming to become the "GitHub" for AI model creators and dataset developers. It enables intellectual property tracking and compensates original contributors. On April 1, 2025, Mahojin announced a $5 million funding round co-led by a16z CSX and Maelstrom. **Interaction Guide:** 1. Visit the official website, sign in, and link your X account. 2. Click "MAHO Points" and complete daily check-ins to earn points. 3. Upgrade your plan for additional point bonuses. **KAIO** A Layer 1 blockchain focused on institutional-grade RWA tokenization. In 2023, KAIO raised $11 million in funding, led by Laser Digital (Nomura’s digital asset subsidiary) and WebN Group. **Interaction Guide:** 1. Join the waitlist by connecting your wallet and submitting required information. 2. Complete related tasks on Galxe. **Edgen** An intelligent trading assistant for crypto assets, providing real-time market intelligence and actionable trading insights for retail and institutional traders. It has raised a total of $11 million across two funding rounds, with investments from Framework Ventures and North Island Ventures. **Interaction Guide:** 1. Log in via X account on the official website. 2. Complete daily check-in tasks in the "Task Center." 3. Additional tasks include beginner, weekly, and social missions.

Odaily星球日报02/23 02:43

Interaction Collection | Mahojin Check-in to Earn Points; KAIO Waitlist Application (February 23)

Odaily星球日报02/23 02:43

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