While most investors were panicking, Bitdeer was buying. Classic. The broader crypto market was bleeding out, shedding over $600 billion in market cap during February alone. Bitcoin was trading at $78,770 when Bitdeer pulled the trigger, down from previous highs. The market was a mess. Yet Bitdeer’s shares rose 0.6% after hours. Go figure.
The move aligns with Bitdeer’s aggressive expansion strategy for 2025. They’re not just hoarding Bitcoin—they’re building an empire. The company’s investing heavily in proprietary ASIC technology, dropping $240 million on chip costs to TSMC in Q4 alone. Bitdeer purchased 50 BTC at an average price $81,475 to bring their total holdings to 1,011 BTC. This acquisition strategy reflects Bitcoin’s digital scarcity principle with only 21 million coins ever to exist.
Sure, they posted a $531.9 million net loss in Q4 2024, but who’s counting?
Bitdeer’s mining operations continue despite challenges. They self-mined 126 Bitcoins in January 2025, even with temporary curtailments at their Bhutan site. Their SEALMINER A1 production is on track, and they’ve already delivered the first batch of A2 air-cooled rigs. The company is already seeing customer oversubscription for their 7 EH/s of A2 units allocated for external customers.
Meanwhile, they scooped up a 101 MW site with a gas-fired power plant in Alberta. Busy bees.
The impact was immediate. Bitcoin prices jumped 2% to $81,500 within an hour of the announcement. Trading volumes spiked, especially on the Bitcoin/EUR pair on Kraken.
And whale addresses—those holding more than 1,000 BTC—increased by 3%.
Bitdeer’s ambitions are anything but modest. They’re targeting 32 EH/s expansion this year, with potential to exceed 40 EH/s by Q4.
And by 2026? They want 1 GW of power capacity. Because in crypto, apparently bigger is always better.
