Most Bitcoin miners treat their mined coins like a savings account. Bitdeer treats them like a paycheck: earned on Friday, spent by Monday.
The company disclosed that it sold its entire weekly product...

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<p>Most Bitcoin miners treat their mined coins like a savings account. Bitdeer treats them like a paycheck: earned on Friday, spent by Monday.</p>
<adv/><p>The company disclosed that it sold its entire weekly production of 206.2 <span>$BTC</span> as of May 29, 2026, leaving it with exactly zero Bitcoin on its balance sheet.</p>
<adv/><h2>A zero-treasury strategy, by design</h2>
<p>This isn’t a one-off fire sale. Bitdeer has maintained a zero net Bitcoin holdings policy since at least February 2026, when it liquidated over 943 <span>$BTC</span> from its treasury in a single move. Every week since, the company has converted its freshly mined coins into fiat, funneling the cash into operations and expansion.</p>
<p>That need is driven largely by the company’s pivot toward AI and high-performance computing infrastructure. Building data centers isn’t cheap, and Bitdeer has chosen to fund that buildout with mining revenue rather than sitting on a volatile digital asset.</p>
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</div> <p>In April 2026 alone, Bitdeer mined 783 <span>$BTC</span>, reflecting significant year-over-year production growth.</p>
<h2>The financial picture: growth with a catch</h2>
<p>Bitdeer’s Q1 2026 financials tell a story of a company growing fast and burning through capital even faster. Revenue hit $188.9 million for the quarter, a massive jump from $70.1 million in Q1 of the prior year. The company also posted a net loss of $159.5 million in that same quarter.</p>
<p>Bitdeer, listed on NASDAQ under the ticker BTDR, operates across a sprawling global footprint. Its mining and data center facilities span the US, Norway, Bhutan, Canada, Malaysia, and Ethiopia. The company also develops its own SEALMINER hardware and offers AI cloud services, positioning itself as something more than a traditional miner.</p>
<h2>How Bitdeer’s approach differs from the pack</h2>
<p>The zero-treasury model puts Bitdeer in a small and somewhat lonely camp among public mining companies. Companies like Marathon Digital and Riot Platforms have historically accumulated large <span>$BTC</span> treasuries, betting that holding the asset will deliver returns as Bitcoin’s price appreciates over time.</p>
<p>Bitdeer is making the opposite bet. Rather than treating Bitcoin as a store of value, it’s treating it purely as a revenue source, a commodity to be produced and immediately monetized.</p>
<h2>What this means for investors</h2>
<p>For anyone holding BTDR stock or considering it, this strategy fundamentally changes the investment thesis compared to other mining stocks. You’re not getting indirect Bitcoin exposure through Bitdeer. You’re getting a bet on the company’s ability to profitably mine and sell Bitcoin while simultaneously building an AI infrastructure business.</p>
<p>The $159.5 million net loss against $188.9 million in revenue is worth watching closely. Bitdeer’s consistent selling also creates a steady stream of supply pressure on Bitcoin, albeit a modest one. Selling 206 <span>$BTC</span> per week isn’t going to move the market on its own, but it represents a philosophical shift that could gain traction if other miners adopt similar strategies to fund their own AI pivots.</p>

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Bitdeer reports zero net Bitcoin holdings after selling 206.2 BTC

大多數比特幣礦工把挖到的比特幣當作儲蓄帳戶。而Bitdeer則把它們當作工資：週五挖到，週一就花光。

該公司透露，其每週的產品全部售罄…

<div><div><p>大多數比特幣礦工把挖到的比特幣當作儲蓄賬戶。而Bitdeer則把它們當作工資：週五挖到，週一花掉。</p><adv/><p>該公司披露，截至 2026 年 5 月 29 日，該公司已售出其每週生產的全部 206.2<span>美元BTC</span>，使其資產負債表上的比特幣數量為零。</p><adv/><h2>一項精心設計的零國庫戰略</h2><p>這並非一次性的清倉甩賣。Bitdeer 自 2026 年 2 月起就一直保持零淨比特幣持有量，當時該公司一次性從其金庫中清算了價值超過 943 枚<span>BTC</span>。此後，該公司每週都會將新挖出的比特幣兌換成法定貨幣，並將所得資金用於運營和擴張。</p><p>這一需求主要源於該公司向人工智能和高性能計算基礎設施的轉型。建設數據中心成本不菲，Bitdeer 選擇用挖礦收入而非持有波動性較大的數字資產來資助這一建設。</p><div><div>廣告</div><template/></div><p>僅在 2026 年 4 月，Bitdeer 就挖出了 783 枚<span>BTC</span>，反映出同比產量顯著增長。</p><h2>金融形勢：增長有代價</h2><p>Bitdeer 2026 年第一季度的財務數據顯示，該公司發展迅猛，但資金消耗速度也同樣驚人。該季度營收達到 1.889 億美元，較上年同期的 7010 萬美元大幅增長。然而，該公司當季淨虧損高達 1.595 億美元。</p><p> Bitdeer（股票代碼：BTDR，納斯達克上市公司）的業務遍及全球。其礦場和數據中心遍佈美國、挪威、不丹、加拿大、馬來西亞和埃塞俄比亞。該公司還自主研發SEALMINER硬件，並提​​供人工智能雲服務，使其業務範圍超越了傳統的挖礦公司。</p><h2> Bitdeer 的方法與其他公司有何不同？</h2><p> Bitdeer 的零國庫模式使其在上市挖礦公司中顯得小眾且略顯孤立。像 Marathon Digital 和 Riot Platforms 這樣的公司歷來都積累了大量的<span>BTC</span>國庫，押注持有比特幣會隨著比特幣價格的上漲而帶來收益。</p><p> Bitdeer 採取了相反的策略。它並沒有將比特幣視為價值儲存手段，而是將其純粹視為一種收入來源，一種可以生產並立即變現的商品。</p><h2>這對投資者意味著什麼</h2><p>對於持有或考慮持有BTDR股票的人來說，這種策略從根本上改變了與其他礦業股票相比的投資邏輯。你並非通過Bitdeer間接獲得比特幣敞口，而是押注該公司在構建人工智能基礎設施業務的同時，能夠盈利地挖礦和出售比特幣。</p><p> Bitdeer 淨虧損 1.595 億美元，而營收卻高達 1.889 億美元，這一數據值得密切關注。Bitdeer 持續拋售比特幣也給比特幣帶來了穩定的供應壓力，儘管壓力不大。每週拋售 206 枚<span>BTC</span>本身並不會撼動市場，但這代表了一種理念上的轉變，如果其他礦工也採取類似策略來為其人工智能轉型提供資金，這種轉變可能會獲得支持。</p></div></div>

Bitdeer 報告稱，在出售 206.2 個BTC後，其淨比特幣持有量為零。

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