Bitdeer Hits Record Mining Output as Hashrate Climbs to 73 EH/s
Bitdeer Technologies has set a new company record by mining 990 Bitcoin throughout June, marking a 7.5% increase compared to the previous month. This growth in production is largely attributed to the firm's expanded operational capacity, with its self-mining hashrate reaching 73 EH/s.
Despite this substantial boost in mining efficiency and output, the company maintains a policy of liquidating its holdings. According to recent filings with the U.S. Securities and Exchange Commission, Bitdeer continues to sell all mined Bitcoin, keeping no digital assets on its balance sheet.
Personal take & trading angle
Bitdeer's decision to maintain a zero-holding treasury policy suggests a focus on operational profitability over long-term asset speculation. For traders, this constant sell-off could imply persistent localized sell pressure, though it also reflects a company confident in its infrastructure's ability to cover costs. Market participants might view this as a prudent move to mitigate price volatility, yet it differentiates them from 'HODL' miners who prioritize BTC accumulation as a hedge.