The global crypto-mining landscape is undergoing a tectonic shift. Based on March performance data, Bitdeer has demonstrated phenomenal growth, overtaking the long-term market leader — MARA (Marathon Digital Holdings) — in terms of total mining capacity.
Bitdeer’s Expansion: Facts and Figures
Bitdeer reported an aggressive development trajectory, increasing its capacity by 504% year-over-year. The company’s current metrics are striking:
- Self-mining Hashrate: 69.5 EH/s.
- Total Hashrate Under Management: 78.1 EH/s (including hosting services for third-party machines).
- March Production: 661 BTC (+480% compared to the previous year).
- Equipment Fleet: 262,000 rigs, 85% of which are company-owned.
For comparison: its closest rival, MARA, operates at 66.4 EH/s, while CleanSpark maintains a level of 47.3 EH/s. Bitdeer’s total power capacity (including projects under development) has reached a massive 3 GW.
Hashrate Comparison of Leading Miners (EH/s)
| Company | Hashrate (EH/s) |
| Bitdeer | 78.1 |
| MARA | 66.4 |
| CleanSpark | 47.3 |
| Canaan | 10.97 |
Technological Sovereignty and Diversification
Bitdeer is betting not just on scale, but on proprietary engineering. The company is actively rolling out its SEALMINER lineup:
- A4: The flagship series featuring high energy efficiency (~9.45 J/TH).
- DL1 Air: A new release designed for Litecoin and Dogecoin mining (Scrypt algorithm).
In parallel, the miner is successfully capturing the Artificial Intelligence market. Its AI Cloud service saw explosive growth: utilization surged from 64% to 94%, while monthly revenue doubled, reaching an annualized run rate of approximately $43 million.
“This momentum demonstrates both the scale of the market opportunity and our ability to efficiently provide high-performance infrastructure for AI,” commented Bitdeer COO Matt Kong.
Competitor Activity: CleanSpark and Canaan
Despite losing the top spot in hashrate, other players are also showing robust results:
- CleanSpark: Produced 658 BTC in March. The company operates over 224,000 units with an efficiency of 16.07 J/TH. Its total controlled power capacity exceeds 1.8 GW. CleanSpark is also pivoting toward AI, reporting progress in securing its first “hyperscale” client.
- Canaan: Focused on building reserves. The company holds a record 1,808 BTC and 3,952 ETH. Canaan’s deployed hashrate stands at 10.97 EH/s, bolstered by the recent acquisition of stakes in Texas-based facilities from Cipher Mining.
Global Trend: Miners Are Offloading Reserves
Despite local successes in production, major players are being forced to trim their Bitcoin holdings. According to CryptoQuant, total miner balances have dropped by 61,000 BTC (from 1.862 million to 1.801 million coins) during the current cycle.
Top Sales in the Current Cycle:
- MARA Holdings: Sold 13,210 BTC.
- Riot Platforms: Sold 4,026 BTC.
- Core Scientific: Sold 1,992 BTC.
In contrast to this mass sell-off, experts noted a unique increase in the balances held by the AntPool mining pool, bucking the general market trend.
