- Bitdeer is now the largest publicly traded Bitcoin miner by self-mining hash rate at 63.2 EH/s, surpassing Marathon Digital (MARA) according to JPMorgan.
- The Singapore-based company’s growth was driven by deploying its proprietary SEALMINER rigs, mining 668 Bitcoin in January—a 430% year-over-year increase.
- While expanding its self-mining dominance, Bitdeer is also exploring AI cloud services and holds Bitcoin worth approximately $104 million.
In a major industry shift this month, Bitdeer has overtaken Marathon Digital (MARA) to become the largest publicly traded Bitcoin miner by self-mining hash rate, according to JPMorgan analysts. The Singapore-based firm reached a hash rate of 63.2 exahashes per second (EH/s), surpassing MARA’s last reported 60.4 EH/s.
This reshuffling follows an “impressive” month for Bitdeer, where it added 8 EH/s. The company’s production update credits this surge to deploying its proprietary SEALMINER mining rigs.
Consequently, Bitdeer mined 668 Bitcoin in January, representing a massive 430% year-over-year increase. Meanwhile, MARA has rebranded toward digital infrastructure and is prioritizing AI workloads for its customers.
However, Bitdeer Chief Business Officer Matt Kong confirmed the company will continue deploying SEALMINER rigs this year. The firm is also evaluating data center leasing to bring AI cloud services online for U.S. customers.
Although leaning into self-mining, Bitdeer still hosts miners for clients and manages a total hash rate of 78.1 EH/s. Reports from The Energy Mag suggest MARA may still lead in overall operations due to its joint ventures.
As its mining activity accelerated, Bitdeer also increased its Bitcoin selling, reducing holdings from 2,017 to 1,530 coins last month. At prices around $68,000, its remaining reserves were worth approximately $104 million.
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