Bitdeer Mining Insights

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Abu Dhabi-based Bitcoin miner Phoenix Group announced a $150 million crypto treasury, becoming the first ADX-listed firm to hold digital assets. The reserve includes 514 BTC and 630,000 SOL, marking a long-term strategic move. CEO Munaf Ali emphasized alignment with the value of blockchain networks.

Bitcoin miner Marathon Digital (MARA) disclosed it advanced $73.3 million to hardware partner Auradine in H1 2025, with all deliveries completed by June 30. The firm still holds $51.4 million in purchase commitments and has invested $85.4 million in Auradine, including equity and a board seat, signaling deepening strategic alignment.

Bitcoin miner and data center operator Bitzero has raised $25 million to expand into AI and high-performance computing (HPC). The funds will support the purchase of 2,900 S21 Pro miners, expected to boost revenue by $10 million. Headquartered in Vancouver, Bitzero operates facilities in North America and Europe, with backing from investor Kevin O’Leary.

Mawson Infrastructure has terminated CEO Rahul Mewawalla for cause, citing fraud and breach of fiduciary duties. The board placed him on leave in late May and officially dismissed him on July 8. The company has filed a lawsuit in Delaware seeking damages. Mewawalla denies the allegations and disputes the board’s claims.

China-based pork processor-turned-Bitcoin miner Bit Origin announced its purchase of 40.5 million Dogecoin as part of its new crypto treasury strategy. CEO Jinghai Jiang cited DOGE’s potential for micropayments. The $9.9 million acquisition was funded through a $500 million capital raise plan. Bit Origin previously partnered with a China-linked mining firm expelled from Wyoming over national security concerns.