Home AI Hacker News Bitdeer Divests All Bitcoin Holdings to Invest in AI Data Centers

Bitdeer Divests All Bitcoin Holdings to Invest in AI Data Centers

0

Transforming Bitcoin Mining: Bitdeer’s Bold Move Towards AI Infrastructure

Bitdeer (BTDR), a Singapore-based bitcoin mining and AI infrastructure powerhouse, has made a groundbreaking decision: it has reduced its bitcoin holdings to zero. This marks a dramatic shift from the typical miner strategy of hoarding coins as a show of confidence.

Key Highlights:

  • Bitcoin Holdings: Zero BTC reported as of Feb. 20, moving away from hoarding.
  • Production Focus: Sold 189.8 BTC to enhance liquidity for ongoing operations.
  • Operational Growth: Achieved a remarkable 430% increase in bitcoin mined year-over-year with a self-mining hash rate of 63.2 EH/s.
  • AI Expansion: Investing in cutting-edge NVIDIA GB200 NVL72 systems, signaling a strong pivot to AI infrastructure.

The trend is catching on, with peers like Riot Platforms and Bitfarms also diversifying into AI.

In a rapidly evolving landscape, Bitdeer is redefining its value proposition.

🌐 Join the Conversation: Share your thoughts on this pivotal industry shift! #Bitcoin #AIInfrastructure #Bitdeer #Trends

Source link

NO COMMENTS

Exit mobile version