At 63.2 exahashes per second (EH/s), Bitdeer is now allocating more computational resources to Bitcoin’s network for itself than MARA, analysts led by Reginald Smith wrote. MARA last reported a self-mining hash rate of 60.4 EH/s.
While MARA has traditionally relied on off-the-shelf hardware from giants like Bitmain, Bitdeer has taken a different approach with development of its hyper-efficient silicon. After recent deployments, Bitdeer mined 668 Bitcoin in January, a 430% increase year-over-year.
Earlier this month, Bitdeer signaled that it’s evaluating leasing opportunities for data centers that could bring AI cloud services online for U.S. customers this year. Still, the firm’s Chief Business Officer Matt Kong said that the company will continue to deploy SEALMINER mining rigs this year, as well.
Although Bitdeer is leaning into self-mining, the company also hosts Bitcoin miners for customers, while offering subscription plans for mining income. The company recently reported having 78.1 EH/s in “total hash rate under management,” with 13.0 EH/s for hosted operations.
As Bitdeer’s self-mining activity has accelerated over the past month, so too has its selling. The company said it held 1,530 Bitcoin at the end of the month, down from 2,017 in December. With Bitcoin changing hands around $68,000, its holdings were worth $104 million.
