As Bitdeer continues to strengthen its position in the cryptocurrency mining sector, the company’s bitcoin reserves have demonstrated remarkable growth, surging approximately 75% within a mere two-month timeframe. The firm’s holdings increased from 594 BTC in December 2024 to an impressive 1,039 BTC by February 2025, positioning it among the leading bitcoin miners regarding treasury reserves, though still considerably behind industry giants like Mara Holdings with its 46,374 BTC.
The company recently demonstrated strategic acquisition capabilities by purchasing a 101 MW site in Alberta, Canada, a move that signals Bitdeer’s ambitions for market expansion and has contributed to positive investor sentiment. This favorable outlook manifested in an 8.96% increase in Bitdeer’s stock price, further bolstered by Keefe Bruyette’s initiation of coverage with an Outperform rating and a $26.50 price target, indicating strong confidence in the company’s growth trajectory. The shift in strategy involved redirecting mining rigs towards self-production in response to market conditions.
Despite reporting a substantial net loss of $531.9 million for Q4 2024, primarily attributed to significant investments in mining rig development, Bitdeer continues to execute aggressive acquisition strategies. The company recently added 50 bitcoins to its holdings during a market price decline, purchasing at an average price of $81,475 per bitcoin, which brought its pre-purchase holdings of 855 BTC to a total value of approximately $69 million. The company’s enterprise value of approximately $1.43B combined with its strategic holdings indicates a strong foundation for future growth.
Bitdeer’s strategic bitcoin acquisitions continue despite Q4 losses exceeding $500 million, demonstrating unwavering commitment to growth.
Bitdeer’s operational metrics show a proprietary hash rate increase to 9.4 EH/s from December’s 8.9 EH/s, with total hash rate under management reaching 20.9 EH/s. The company’s hosting services maintained 11.5 EH/s in February 2025, though bitcoin production decreased slightly to 110 bitcoins that month, partially due to February’s shorter duration.
Technological advancements remain central to Bitdeer’s strategy, with anticipated mass production of the SEALMINER A3 by late 2025. The company’s SEAL03 sample wafers have already achieved impressive 9.7 J/TH power efficiency in ultra power-saving mode, demonstrating promising performance at low voltage operations that could further strengthen Bitdeer’s competitive position in the mining industry.
