Cryptocurrency miner Bitdeer Technologies (BTDR) has increased its Bitcoin (BTC) holdings by 75% in the past two months.
The Singapore-based company has reported that its Bitcoin holdings rose to 1,039 tokens at the end of February this year, up 75% from 594 in December 2024.
The increase in its holdings make Bitdeer one of the top Bitcoin miners in the world, although it trails the largest holders: MARA Holdings (MARA) with 46,374 BTC and Riot Platforms (RIOT) with 18,692 digital coins.
Bitdeer's focus is on developing microchips and processors to help with the mining of Bitcoin. The company says its new A3 miner chip achieved significant energy efficiency in recent tests.
News of the increased Bitcoin holdings and A3 miner chip performance were reported along with Bitdeer’s latest financial results.
The crypto miner announced a -$531.9 million U.S. net loss for the fourth quarter of last year, which it attributed to investments it has made in developing new crypto mining rigs.
Bitdeer said it produced 110 Bitcoin from its mining operations in February of this year, down from 126 BTC mined in January. The production decline was due to February being a shorter month.
The stock of Bitdeer has risen 59% over the last 12 months to trade at $10.71 U.S. per share.
