From the perspective of the key metric of hosted hash rate, Bitdeer has recently achieved an important market ranking change—surpassing the former industry leader MARA to become the largest Bitcoin miner currently.

This ranking adjustment reflects a new trend in the mining ecosystem. The scale of hosted hash rate often represents a miner's market control and risk resistance capabilities, especially in the current environment where mainstream cryptocurrencies like BTC and ETH are experiencing increased volatility and market structures are continuously optimizing. Bitdeer’s ability to secure this position indicates that it has found competitive advantages across multiple dimensions such as hash rate deployment, cost control, and operational efficiency.

As the market popularity of assets like XRP increases, the overall mining landscape is also undergoing subtle changes. Competition among large miners is increasingly focusing on technological upgrades and cost optimization, which is a positive signal for the industry's overall efficiency improvement.