Bitcoin miner Bitdeer has overtaken MARA by way of self-mining hash charge amongst publicly traded corporations, establishing itself as an business chief inside the previous month, in line with JPMorgan analysts.
At 63.2 exahashes per second (EH/s), Bitdeer is now allocating extra computational sources to Bitcoin’s community for itself than MARA, analysts led by Reginald Smith wrote. MARA final reported a self-mining hash charge of 60.4 EH/s.
The shakeup follows what analysts described as an “spectacular” month for Bitdeer, during which the Singapore-based agency added 8 EH/s. In a manufacturing replace earlier this month, Bitdeer mentioned the expansion was spurred by the deployment of proprietary SEALMINER mining rigs.
For years, MARA’s relentless fleet growth set the sector’s tempo, however the firm has rebranded as a digital infrastructure agency inside the previous yr whereas prioritizing AI. That has concerned a shift towards working AI workloads for MARA’s prospects.
Whereas MARA has historically relied on off-the-shelf {hardware} from giants like Bitmain, Bitdeer has taken a distinct method with growth of its hyper-efficient silicon. After current deployments, Bitdeer mined 668 Bitcoin in January, a 430% enhance year-over-year.
Earlier this month, Bitdeer signaled that it’s evaluating leasing alternatives for knowledge facilities that would carry AI cloud companies on-line for U.S. prospects this yr. Nonetheless, the agency’s Chief Enterprise Officer Matt Kong mentioned that the corporate will proceed to deploy SEALMINER mining rigs this yr, as nicely.
Though Bitdeer is leaning into self-mining, the corporate additionally hosts Bitcoin miners for purchasers, whereas providing subscription plans for mining earnings. The corporate just lately reported having 78.1 EH/s in “whole hash charge underneath administration,” with 13.0 EH/s for hosted operations.
MARA not experiences company-wide Bitcoin manufacturing. And contemplating the dimensions of MARA’s joint-venture operations within the Center East, the corporate should be an total chief, as of December, per The Vitality Magazine.
As Bitdeer’s self-mining exercise has accelerated over the previous month, so too has its promoting. The corporate mentioned it held 1,530 Bitcoin on the finish of the month, down from 2,017 in December. With Bitcoin altering arms round $68,000, its holdings had been price $104 million.
