Bitdeer has surpassed MARA in self-mining hash rate, reaching 63.2 exahashes per second compared with MARA’s reported 60.4 EH/s, according to analysts at JPMorgan.
Analysts led by Reginald Smith described the past month as “impressive,” noting Bitdeer added 8 EH/s of capacity driven by deployment of its proprietary SEALMINER mining rigs.
The Singapore-based firm mined 668 Bitcoin in January, marking a 430% increase year-on-year as it accelerated self-mining activity.
While MARA has historically relied on hardware from suppliers such as Bitmain and recently pivoted towards digital infrastructure and AI workloads, Bitdeer has focused on developing its own hyper-efficient silicon.
Bitdeer also reported 78.1 EH/s in total hash rate under management, including 13.0 EH/s for hosted operations, as it continues offering hosting services and mining income subscriptions alongside proprietary mining.
The company signalled it is evaluating leasing data centre capacity to support AI cloud services in the US, though management said it will continue expanding SEALMINER deployments this year.
As output rose, Bitdeer reduced its Bitcoin holdings to 1,530 BTC from 2,017 in December, with the remaining stash valued at about $104 million at current prices near $68,000 per coin.
At the time of reporting, Bitcoin price was $67,297.52.