Bitdeer hashrate surge puts miner in contention with MARA for top capacity spot

Rising competitors amongst industrial-scale Bitcoin miners is intensifying because the bitdeer hashrate turns into a key metric within the race for dominance.

Bitdeer reviews 71 EH/s underneath administration

Bitdeer Applied sciences Group ended December with a complete hashrate underneath administration of 71 exahashes per second (EH/s), in keeping with firm information. This capability could place the Singapore-based miner forward of MARA Holdings Inc. in total bitcoin miner capability, although definitions differ between the 2 corporations.

The 71 EH/s determine consists of 55.2 EH/s devoted to self-mining alongside tools hosted for third-party shoppers, Bitdeer acknowledged. By comparability, MARA at the moment lists an energized hashrate capability of 61.7 EH/s on its official web site, suggesting an in depth rivalry for trade management.

MARA had emerged as the most important publicly traded miner by self-generated hashrate since mid-2023, increasing from lower than 20 EH/s to greater than 60 EH/s by September 2025. Nonetheless, the comparability between Bitdeer’s reported “complete hashrate underneath administration” and MARA’s “energized hashrate” stays unsure, complicating direct rating between the 2 firms.

Self-mining scale and SEALMINER deployment

Bitdeer disclosed that its 55.2 EH/s self-mining capability is supported by greater than 1,100 chips, of which 538 function underneath exterior subscription agreements. Furthermore, the corporate is aggressively increasing its proprietary {hardware} footprint by deployment of SEALMINER chips throughout its campuses.

“Bitdeer reported 71 EH/s of capability as of finish December (~6% of the worldwide hashrate), +18% month over month and +229% yr over yr,” Matt Sigel, Head of Analysis at VanEck, wrote in a submit on X. He added that, like many rivals, the miner is promoting just about all cash mined, and extra, to finance its infrastructure shift towards synthetic intelligence workloads.

The corporate mined 636 bitcoins in December 2025, sharply larger than the 145 bitcoins produced in December 2024, in keeping with its quarterly report. That mentioned, this 339% year-over-year enhance coincides with Bitdeer phasing out third-party rigs in favor of its personal {hardware}, sharpening its deal with self mining hashrate.

SEAL04-1 chip effectivity versus MARA fleet metrics

Bitdeer’s SEAL04-1 chip has grow to be central to its scaling technique. The corporate reviews that the chip delivers power effectivity of roughly 6–7 joules per terahash (J/TH) on the chip degree underneath low-voltage working situations. This specification highlights what Bitdeer presents as sturdy sealminer chip effectivity in its newest era designs.

Against this, MARA cites a “fleet power effectivity” of 19 J/TH for its put in base. Nonetheless, the metrics will not be immediately comparable. Bitdeer’s information displays chip-level efficiency, whereas MARA reviews a fleetwide common that comes with system-level overhead. In consequence, any easy one-to-one comparability between the 2 effectivity figures dangers being deceptive.

The rising bitdeer hashrate is subsequently intertwined with {hardware} design choices, information heart engineering, and entry to low-cost energy. Furthermore, chip-level enhancements can compound over giant fleets, giving operators with proprietary know-how a structural benefit in each margins and scalability.

AI and high-performance computing pivot

Past Bitcoin, Bitdeer is pursuing an ai datacenter pivot to seize demand from synthetic intelligence and high-performance computing (HPC) clients. The corporate reviews building and enlargement tasks at eight websites in Canada, Ethiopia, Norway, and the U.S. states of Ohio, Tennessee, and Washington.

These campuses collectively host 1,152 GPUs devoted to AI and HPC workloads, complementing the agency’s ASIC-based mining operations. Furthermore, the push into AI and HPC is reshaping the economics of conventional bitcoin mining, as operators repurpose or design amenities to service a number of high-density compute verticals.

The broader synthetic intelligence sector’s progress has already influenced how miners method capital allocation and power procurement. That mentioned, balancing energy distribution between Bitcoin mining and AI compute will stay a key strategic query for operators like Bitdeer as they pursue diversified income streams.

MARA’s Antminer fleet and BTC treasury technique

Whereas Bitdeer emphasizes proprietary chips and AI infrastructure, MARA continues to rely closely on Bitmain‘s Antminer ASICs. The corporate operates 18 information facilities and reviews an energized hashrate of 61.7 EH/s, signaling a large-scale, standardized fleet of third-party {hardware}.

MARA additionally follows a definite steadiness sheet method. The corporate maintains a method of retaining mined cash, holding greater than 55,000 bitcoins, which constitutes the second-largest public miner treasury amongst listed corporations. By comparability, Bitdeer holds 2,017 bitcoins, in keeping with its disclosures, reflecting a extra liquidity-focused stance.

This distinction underscores the broader bitdeer vs mara debate out there: Bitdeer seems extra prepared to promote manufacturing and reinvest in infrastructure, whereas MARA leans on its bitcoin treasury as a strategic reserve. Furthermore, MARA’s long-term holding coverage may amplify upside or draw back publicity to cost cycles.

Outlook for large-scale Bitcoin miners

The fast enlargement of business miners since mid-2023, together with Bitdeer and MARA, has reshaped aggressive dynamics within the sector. Each firms now command tens of exahashes in capability, but they diverge in {hardware} technique, capital allocation, and sensitivity to the AI infrastructure growth.

As mara energized hashrate and Bitdeer’s complete hashrate proceed to evolve, traders will possible deal with effectivity metrics, regulatory threat, and entry to low-cost power. Furthermore, integration of AI and HPC workloads into present mining campuses may grow to be a decisive issue for long-term profitability and resilience.

In abstract, Bitdeer’s 71 EH/s underneath administration, SEALMINER-based effectivity positive factors, and AI-oriented information heart buildout place it as a formidable rival to MARA. Nonetheless, variations in metrics, {hardware} suppliers, and treasury administration imply the main position amongst public miners will stay contested because the market strikes by the subsequent section of Bitcoin and AI enlargement.