Bitdeer Technologies Group sells 288.4 BTC, has zero pure holdings
The Sept. 25 weekly update lists 288.1 BTC mined and zero net coins added; Friday's Nasdaq close predates the post.
Julian Okafor
A miner's latest weekly tally shows sales above production and, on a separate line, zero pure holdings for a second consecutive update. Bitdeer Technologies Group NASDAQBTDR, a Singapore-based bitcoin miner and AI cloud operator, reported output of 288.1 BTC and sales of 288.4 BTC as of Sept. 25. It listed no net bitcoin added to its own balance.
The company posted those figures at 12:34 a.m. EDT on Saturday, Sept. 26, after the US market had closed. Bitdeer shares fell to US$11.51 at the Friday Nasdaq close, according to its NASDAQBTDR quote as of 4:00:01 p.m. EDT. That close preceded the weekly post.
The previous weekly update, covering data through Sept. 18, listed 287.2 BTC produced and the same amount sold. Pure holdings were also zero at that date. Together, the two posts show nearly 575 BTC mined and slightly more sold across their reporting weeks, although the company has not supplied sale proceeds or mining costs in either post.
A month-end number will provide a broader check. Bitdeer's August operations report listed 61 BTC held at Aug. 31, down from 257 at July 31, while output rose between those months. Sept. 30 is the next month-end benchmark for the holdings line.
August Output Rose as Held Coins Fell
Bitdeer's August operations report recorded 1,310 BTC mined, against 1,190 in July 2026. Its self-mining hashrate rose to 79.9 exahashes per second from 76.7 over the same period. Those figures describe mining capacity and output, while the separate holdings line shows how many coins remained on the company's balance at each month-end.
The weekly figures add detail about September sales but do not reconcile every fraction of a coin. Sales in the Sept. 25 update exceeded output by 0.3 BTC, even though both weekly posts report zero pure holdings. The post does not give opening inventory, transaction timing or an explanation of that difference. Its exclusion of customer deposits also makes the pure-holdings measure narrower than all bitcoin Bitdeer may handle for clients.
“BTC Holdings: 0 (pure holdings, excluding customer deposits),” Bitdeer wrote in its Sept. 26 post.
The August report also listed 21.6 exahashes per second of co-mining hashrate, which Bitdeer described as its rigs operating at third-party data centres. That capacity is separate from the 79.9 exahashes of self-mining at its own sites. The Sept. 25 post gives a bitcoin output total but does not break it down by those operating categories, limiting a direct comparison with the August hashrate figures.
PowerCompute Ordered Replacement Miners
PowerCompute, Inc. NASDAQPWCM, a Tampa bitcoin miner and treasury company with 26 megawatts of owned power infrastructure, reported 323 BTC held at Aug. 31. Its Sept. 23 release said it ordered 940 miners to replace existing S19 units, with installation planned for October. PowerCompute expects to pay for its fleet purchases with cash and bitcoin holdings. Bitdeer's own August report put its self-mining hashrate at 79.9 exahashes per second, a different scale from PowerCompute's projected 862 petahashes per second after installation.
Mugglehead's earlier report on PowerCompute's fleet refresh followed the projected rise in hashrate and the financing of its new equipment. PowerCompute's release said the projected 862 petahashes per second depends on delivery and installation. Its Aug. 31 holdings are a dated comparison with Bitdeer's zero reported on Sept. 25, rather than evidence of what either miner held on the other's reporting date.
Read more: PowerCompute orders 940 more miners for fleet refresh
MARA Holdings, Inc. NASDAQMARA, a digital energy and bitcoin mining company, offered another example of miners using coins instead of simply accumulating them. Its March 26 release reported sales of 15,133 BTC for about US$1.1 billion. The sales ran from March 4 to 25, and MARA said it expected to use the proceeds to repurchase convertible notes. Bitdeer's Sept. 26 weekly post states the number of coins sold but gives no destination for the proceeds.
Bitdeer is also building an AI cloud business alongside mining. Its August report described the 9.5-megawatt A102 facility in Malaysia as fully contracted ahead of a November 2026 ready-for-service target, with revenue recognition expected to begin in the first quarter of 2027. The report projected more than US$800 million in total revenue from those commitments; that is an expectation about future service, not revenue earned from the bitcoin sold in September.
Sept. 30 is the next month-end benchmark for the zero pure holdings reported on Sept. 25. Bitdeer's next operating update can be compared with the 61 BTC it listed at Aug. 31, once the company publishes its September balance.
