Bitdeer sold 1,506 BTC for $105M in August, reserves fell to 61 BTC
- —Sold 1,506 BTC for ~$105M, reserves fell from 257 to 61 BTC
- —August mining output was 1,310 BTC, up 249% year-on-year at a hashrate of 79.9 EH/s
- —AI cloud ARR rose to ~$86M from $76M in July
- —16-year Norway contract worth $4.7B with potential to reach $8B
Why it matters: Regular monthly miner sales add BTC supply to the market, while the pivot to AI reduces dependence on the bitcoin price.
Source: Crypto Briefing