AI & Technology
Bitdeer liquidates Bitcoin treasury, unveils $300M convertible debt to fund AI and data‑center push
Bitdeer sold its corporate Bitcoin stash, reducing its treasury to 0 BTC after liquidating 1,132.9 BTC . The miner simultaneously filed a $300M convertible debt package (plus a $45M option), sparking a steep share selloff and signaling a reallocation toward AI and data‑center capacity; peers have pursued varied, sometimes less‑aggressive paths (e.g., Cango converted 4,451 BTC to USDT while preserving mining and repurposing campuses for modular GPU clusters).