Bitdeer produced 166 BTC this week and sold them all, worth approximately 10.96 million USD

Bitdeer (BTDR), the Bitcoin mining company under Wu Jihan, mined 166 BTC in the week ending February 27, and simultaneously sold 166 BTC, worth approximately $10.96 million. Bitdeer's BTC balance remains at 0.

On February 22, Bitdeer announced that it had completely liquidated its BTC holdings, and all mined output was also sold. Wu Jihan subsequently stated: having a balance of 0 now does not mean it will always be this way in the future.