TLDR:
- Bitdeer reached a capacity of 71 EH/s in December, surpassing MARA Holdings in total power.
- The company utilizes its proprietary SEALMINER hardware and diversifies its operations into artificial intelligence.
- Unlike MARA, which holds its coins, Bitdeer sells its production to fund its technical expansion.
The digital mining sector has seen a change of leadership this month. Bitdeer Technologies Group has surpassed MARA Holdings, positioning itself as the largest Bitcoin miner by hashrate worldwide. This represents a tectonic shift in an industry where MARA had maintained undisputed leadership for years.
VanEck shared data revealing that Bitdeer reported a staggering capacity of 71 EH/s at the close of December. This accounts for at least 6% of the network’s global computing power, following a year-over-year growth of 229%. Consequently, the Singapore-based firm’s massive expansion strategy is yielding unprecedented results.
Technological Innovation and Diversification into AI
The company developed its own hardware, which is undoubtedly the key to its success. Unlike its competitors, Bitdeer utilizes its SEALMINER rigs, designed specifically to maximize efficiency. Through this technology, they have managed to scale their self-mining power to 55.2 EH/s, complemented by third-party cloud services that reaffirm it as the largest Bitcoin miner by hashrate.
In addition to mining, Bitdeer is betting on high-performance computing (HPC) and AI infrastructure. However, this focus requires a capital management strategy different from that of MARA Holdings. While MARA retains more than 55,000 BTC in its treasury, Bitdeer chooses to sell a large portion of its production to fund data centers in Norway, Bhutan, and the United States.
Despite the differences in their business models, the market responded positively to the change in leadership. Bitdeer’s shares (BTDR) showed a rally following the report, proving that investors value operational capacity and technological sovereignty. As a result, the competition to be the largest Bitcoin miner by hashrate enters a new stage defined by efficiency and AI.
