Mine as much as you sell》BitDeer this week sold all 186 Bitcoins, maintaining zero holdings, as BitDeer shifts to AI with unwavering resolve

Nasdaq-listed mining company Bitdeer continues to execute the “mine and sell immediately” strategy: as of the week ending May 1, it mined 186 BTC and sold all 186 BTC, maintaining a net holding of zero coins, with no sign of wavering in its AI infrastructure transformation route.
(Background summary: Bitdeer has liquidated its BTC reserves, and all newly mined Bitcoin this week was also sold. What is Wu Jihan seeing?)
(Additional context: Major transformation in mining companies: Bitdeer clears BTC reserves, invests in AI infrastructure, and reorganizes the crypto concept stock sector.)

As we enter the first week of May, Bitdeer announced its latest holdings report: last week, it produced 186 BTC, again sold all of them, leaving none; the holdings column continues to show zero.

Bitdeer #BTC Weekly Update

🔹 BTC Holdings: 0 (pure holdings, excluding customer deposits)
🔹 BTC Output: 186.0 BTC
🔹 BTC Sold: 186.0 BTC
🔹 Net BTC Added: 0 BTC
📅 Data as of May 1, 2026.#Bitcoin #BTC #BitcoinHoldings #BitcoinCommunity #BTCMining $BTDR pic.twitter.com/wvmsEviYqM

— Bitdeer (@Bitdeer) May 2, 2026

Cleared over 2,000 BTC in 8 weeks

Earlier reports indicated that Bitdeer officially announced in February this year that it had emptied its Bitcoin reserves (excluding customer deposits), and all newly mined Bitcoin has been sold every week. The official reason given was:

“We are evaluating multiple non-binding land acquisition opportunities for power supply, and we believe now is a prudent time to prepare liquidity.”

Fund allocation: $325 million transferred to data centers

During its liquidation period, Bitdeer completed two rounds of financing: issuing $325 million in convertible notes and raising an additional $43.5 million in equity financing, with all proceeds used for data center expansion.

The target remains ambitious: to reach over 200 MW of IT load for AI computing power by the end of 2026, with annual revenue exceeding $2 billion. This figure signifies an almost complete business overhaul for a traditional mining company.

Industry trend: Mining companies collectively turning to AI

Bitdeer is not an isolated case. CoinShares predicts that by the end of 2026, 70% of revenue for publicly listed mining companies will come from AI-related businesses; Riot Platforms has also sold over $200 million worth of BTC holdings and shifted focus to AI infrastructure deployment.

Under the dual drive of “shrinking mining profits + explosive demand for AI computing power,” the role of mining companies is quietly evolving from Bitcoin producers to data center operators. Bitdeer’s weekly announcements of “how much mined, how much sold” are more like a continuous declaration of its transformation to the outside world.