Bitdeer Surpasses MARA as World's Largest by Managed Hashrate, Though Comparisons Draw Skepticism

On December 13, Matthew Siegel, head of digital asset research at VanEck, reported via X (formerly Twitter) that Singapore-based Bitcoin mining company Bitdeer Technologies Group has surpassed MARA Holdings in 'managed hashrate,' becoming the world's largest Bitcoin mining enterprise. As of the end of December 2025, Bitdeer's total managed hashrate is expected to reach 71EH/s, approximately 6% of the global total, including both its own mining operations at 55.2EH/s and hosted machines. Meanwhile, MARA, which has long maintained a leading position in the industry...