Bitdeer Technologies (BTDR) has increased its Bitcoin (BTC) holdings by nearly 75% in two months by moving some of its mining rigs into its own production after customers asked to defer payments for SEALMINER A2 units during the cryptocurrency's biggest price crash.

The Singapore-based company’s owners increased their holdings to 1,039 BTC as of February 2025, up from 594 BTC in December, according to a press release. The increase puts the company on par with the largest Bitcoin miners when it comes to BTC treasury holdings. However, it still lags behind the largest holders: MARA Holdings with 46,374 BTC and Riot Platforms with 18,692 BTC.

Bitdeer is focused on developing its own Bitcoin mining chips and claims that its new A3 miner has demonstrated significant energy efficiency in recent tests. The company reported a net loss of $531.9 million for the fourth quarter, which is due to investments in the development of its mining rigs.

The mining company mined 110 BTC in February, down from 126 BTC in January, partly due to the shorter month. Its overall native hash rate increased to 9.4 exahashes per second (EH/s), up from 8.9 EH/s in December.

The company's shares rose 0.85% to $10.66 on Nasdaq.

Source: cryptonews.net