#TrumpAnnouncesNewTariffs The "Why": Pivot to Power and AI

Bitdeer isn't just a mining company anymore; they are positioning themselves as a High-Performance Computing (HPC) landlord.
Capex is King: Building data centers for AI and next-gen mining rigs requires massive upfront liquidity. By offloading 943 BTC, they’ve likely secured ~$65M+ in "dry powder" without taking on high-interest debt or diluting shareholders.
The Hashprice Squeeze: With mining margins tightening, "HODLing" becomes a luxury. If your cost to mine is close to the market price, sitting on the asset is a speculative bet that your balance sheet might not be able to afford during an expansion phase.
Diversification: Shifting focus toward AI cloud infrastructure provides a revenue stream that isn't strictly tied to the 4-year Bitcoin cycle.
Market Sentiment: Bullish or Bearish?My Take: The "Pragmatic Pivot"
I’d lean toward bullish adaptation. We saw this same transition with the early internet service providers; they stopped worrying about owning the "content" and focused on owning the "pipes." Bitdeer is making sure they own the pipes.