Bitdeer Solidifies Global Bitcoin Mining Dominance with Record Hash Rate and Soaring AI Cloud Revenue

Bitdeer Technologies Group (NASDAQ: BTDR) has cemented its position as the undisputed global leader in Bitcoin mining, leveraging its superior hash rate to dominate the market. According to its latest operational report, the company delivered an outstanding performance in March 2026, self-mining an impressive 661 Bitcoins—a staggering 480% surge compared to the same period last year.

Bitdeer’s Unrivaled Mining Prowess

The report, filed on Wednesday, reveals Bitdeer’s vast operational scale, managing a total of 262,000 mining rigs, with a substantial 225,000 of these being self-owned equipment. The company is also aggressively expanding its global energy capacity, targeting 3.0 Gigawatts (GW) across existing operations and projects under construction, strategically positioning itself for future hash rate growth.

Bitdeer’s self-mining hash rate has escalated to approximately 70 Exahashes per second (EH/s), marking an astonishing 504% year-on-year increase. This achievement once again crowns Bitdeer as the world’s largest miner by self-mining hash rate. The company previously held market dominance at the end of last year with a total managed hash rate of 71 EH/s, where self-mining accounted for 55.2 EH/s.

In comparison to its peers, major mining firm MARA, currently ranked second, publicly reports a hash rate of 66.4 EH/s. CleanSpark, another strong competitor that also released its operational data on Wednesday, reported an average operational hash rate of 47.3 EH/s. By the end of March 2026, Bitdeer’s total managed hash rate, encompassing both self-owned and hosted rigs, had further climbed to an impressive 78.1 EH/s.

From a broader market perspective, the global Bitcoin total hash rate remains robust, hovering around 855 EH/s—still at historically high levels. However, the first quarter of this year saw the Bitcoin network’s total hash rate experience its largest quarterly decline in nearly five years. This downturn is attributed to a confluence of factors including subdued coin prices, intensified competition, and a strategic pivot by some mining enterprises towards the burgeoning AI computing sector.

Strategic Diversification: Bitdeer’s AI Cloud Ascendancy

Beyond its core mining operations, Bitdeer’s strategic investments in the AI high-performance computing (HPC) domain are now yielding significant returns. The report highlights a remarkable surge in the utilization rate of its “AI Cloud Services,” which soared from 64% last month to 94%. This segment now boasts an annualized revenue of $43 million, reflecting a robust 105% month-on-month growth.

Matt Kong, Bitdeer’s Chief Business Officer, commented, “This growth trend not only underscores the immense opportunities within the AI market but also validates our strong execution capabilities in delivering high-performance AI infrastructure.”

In terms of hardware innovation, Bitdeer continues to roll out cutting-edge mining rigs. Its flagship SEALMINER A4 series, boasting a top-tier energy efficiency of 9.45 J/Th (Joules per Terahash, where lower values indicate greater power efficiency), is currently in its final assembly phase and is slated for imminent deployment across Bitdeer’s self-operated mining farms.

Last month, Bitdeer also expanded its hardware offerings by introducing the specialized SEALMINER DL1 Air series of mining rigs. These units are designed for Proof-of-Work (PoW) blockchains utilizing the Scrypt algorithm, such as Litecoin (LTC) and Dogecoin (DOGE), showcasing the company’s diversified hardware strategy.

Competitor Landscape: CleanSpark and Canaan’s Latest Updates

CleanSpark’s Growth Trajectory

Meanwhile, CleanSpark, in its Wednesday report, announced a production of 658 Bitcoins in March 2026, bringing its year-to-date cumulative production to 1,799 coins.

As of the end of March, CleanSpark’s operational hash rate stood at approximately 50 EH/s. Its fleet of 224,000 mining rigs achieved a maximum energy efficiency of 16.07 J/Th, contributing to an average monthly hash rate increase of 11%. On the infrastructure front, the company commands over 1.8 Gigawatts (GW) of power, land, and data center resources across the United States, with 808 Megawatts (MW) currently activated.

CleanSpark CEO Matt Schultz revealed that, in addition to mining, his team is aggressively venturing into the AI and high-performance computing (HPC) sectors, having achieved significant breakthroughs in securing its first hyperscale AI cloud customer.

Canaan’s Resilient Performance

Another publicly traded miner, Canaan Technology, reported producing 89 Bitcoins in March 2026. The company also reached a new historical high in its cryptocurrency reserves by month-end, holding 1,808 Bitcoins and 3,952 Ethereums.

Canaan’s self-deployed hash rate currently stands at 10.97 EH/s, which does not include an additional 4.4 EH/s derived from its joint venture with Cipher Mining. In February, Canaan acquired a 49% stake in three Cipher mining farms located in West Texas.

Nangeng Zhang, CEO of Canaan Technology, stated, “Despite the Bitcoin network’s average hash rate having just experienced its largest quarterly decline since 2021, we are expanding against the trend, adding over 10 Megawatts of power capacity to the network this month.”