Bitcoin mining has become unsustainable due to higher network difficulty, reduced block rewards, and rising energy costs, leading to a capital-heavy competition. Bitdeer, a major miner, has liquidated all its Bitcoin holdings to fund expansion plans and infrastructure upgrades, causing its stock to drop significantly. The move comes after JPMorgan highlighted Bitdeer as an emerging leader in the industry, surpassing competitors in self-mining hash rate. Company leadership insists the decision reflects liquidity management, not a loss of confidence in Bitcoin.

Read more at Yahoo Finance: Popular Bitcoin miner sells entire treasury