Search results for Bitdeer
Crypto
Trump-backed American Bitcoin presses ahead with mining expansion despite wider losses
Trump-backed bitcoin miner American Bitcoin (ABTC) has completed the rollout of 11,298 ASIC machines at its Drumheller facility in Alberta, Canada. The expansion raises its total ASIC holdings to about 89,242 and boosts computing power to 28.1 exahash per second. The company recently posted a $59.5 million net loss for 2025\'s fourth quarter. Its shares rose about 11.7 percent to around $1.38.
Crypto
Bitcoin miners shaken by worsening profitability as bitcoin selling surges
Listed bitcoin mining firms sold more than 32,000 BTC in the first quarter of 2026, exceeding the total sold in all of 2025, Cointelegraph reported. Mining profitability has deteriorated, with hashprice falling below $35 per PH/s per day, near a break-even level for many operators. Industry reserves have declined to about 1.8 million BTC. CoinShares expects further capitulation by high-cost miners if prices do not recover.
Crypto
Bitdeer sells entire 165 BTC weekly output, keeps own holdings at zero
Bitdeer sold all 165 BTC it mined over the week as of April 10 and maintained 0 BTC in its own holdings, excluding customer deposits. It reaffirmed the policy in a weekly operational update posted on its official X account. The company has officially adopted a “zero BTC holdings strategy” since February 2025. It is also expanding capacity, reporting a 68.0 EH/s hashrate as of February 2026 and disclosing the SEALMINER A4 series using its SEAL04 chip.
