Bitdeer Dominates: Now the World’s Largest Bitcoin Miner by Hashrate

Bitdeer just claimed the heavyweight title.

The Hashrate Crown

Forget the old guard. A seismic shift just rocked the Bitcoin mining landscape. Bitdeer has surged past every competitor to become the single largest miner on the planet, measured by the raw computational power—the hashrate—it commands. This isn't just a minor lead; it's total dominance of the global network's processing muscle.

What This Power Means

Hashrate is everything in mining. It's the brute force that secures the blockchain and wins the block rewards. Controlling the largest share doesn't just mean more Bitcoin earned; it translates to unprecedented influence over network security and operational dynamics. This scale creates a moat that's nearly impossible for smaller players to cross—especially when the next halving event squeezes margins across the board.

The New Mining Era

This milestone signals a move from a fragmented, wild-west industry into an age of industrialized giants. Efficiency, massive capital expenditure, and strategic energy deals are now the only tickets to the top tier. The race for the cheapest kilowatt-hour just got a lot more intense, and the stakes have never been higher.

One cynical finance jab? Wall Street analysts who've spent years calling Bitcoin mining a 'waste of energy' are now quietly modeling cash flows from the very same operations—proving once again that profitability trumps ideology every time.

Bitdeer's ascent reshuffles the entire board. For the rest of the mining world, it's a stark message: adapt at scale, or get left behind.

Bitdeer’s rise to the top

Bitdeer is a technology company based in Singapore, focusing on mining Bitcoin using powerful machines that can solve extremely complex mathematical problems, as well as constructing high-performance computers for AI and other advanced computing applications.

The company developed its own mining machines, known as SEALMINER rigs, specifically designed for Bitcoin mining. By December 2025, these rigs had mined 636 Bitcoins, a significant increase from roughly 145 Bitcoins in December 2023. By this time, Bitdeer can self-mine around 55.2 EH/s, but it is mined in segments. The other sum of the power is created by hosting services and cloud services, in which Bitdeer helps others to run their machines.

The expansion of Bitdeer has included an increasing number of SEALMINER rigs that it owns and controls directly. Deployed across multiple locations, these  machines help the company generate more Bitcoin.”

Additionally, the company does not limit itself to Bitcoin mining. It is making investments in artificial intelligence and high-performance computer infrastructure in locations such as Canada, Ethiopia, Norway, and the United States. This implies that Bitdeer is attempting to establish a presence in the Bitcoin and high-performance computing sectors of the artificial intelligence industry.

What makes MARA different

MARA Holdings is an older company that mines Bitcoin. It utilizes machines from another company, Bitmain, and operates numerous large data centers for its mining operations.

In contrast to Bitdeer, MARA typically attempts to retain the Bitcoin it mines, rather than selling it. It implies that MARA has amassed one of the largest treasuries of Bitcoin among publicly traded mining companies over the years. 

Moreover, MARA has access to 18 data centers primarily using Bitmain’s Antminer ASIC mining chips. While MARA is also diversifying into AI operations, the company primarily aims to hold its mined bitcoin, helping to bolster the second-largest BTC treasury among public companies. MARA holds over 55,000 BTC, compared to Strategy’s 687,000 BTC and Bitdeer’s 2,000. 

Bitdeer was founded in 2020 by Jihan Wu, who co-founded Bitmain and created Bitdeer after splitting from Micree Zhan. Its AI projects disappointed investors in the third quarter of 2025, with a disappointing financial return despite a 173.6% growth in revenue compared to the previous year. On the stock market, Bitdeer (BTDR) is up more than 4% to $12.78, and MARA was up over 2%, at $10.93, according to The Block.

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