Bitdeer has sold all the $BTC it has mined since February 21, cashing out more than 3,231 BTC worth over $205 million.

The company is no longer adding newly mined Bitcoin to its reserves and has chosen to convert its mining output directly into cash.

The funds from these sales are helping Bitdeer expand its business. The company has been investing in new mining equipment, larger data center operations, and other technology initiatives.

As its mining production continues to grow, Bitdeer is focusing on using mined Bitcoin to support expansion and strengthen its operations.

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