Recently, those paying attention to the Bitcoin mining industry should have noticed that the market landscape is quietly changing. The competition among major mining companies' hash rates is becoming increasingly fierce, and one company is pulling ahead of its competitors with absolute advantage.

Bit Deer’s recent moves are indeed tough. Their self-operated mining hash rate has already surged to 70 EH/s, a 504% annual increase, firmly securing the position of the world's strongest miner. Just looking at their March performance shows how formidable they are—mining 661 Bitcoins in a single month, a 480% increase compared to the same period last year. They hold about 262k mining machines, of which 225k are self-owned, demonstrating a high self-ownership rate.

The reason for their strength largely comes down to energy deployment. The global energy capacity is approaching 3.0 GW, including existing operations and projects under construction, leaving ample room for future hash rate growth. Combining self-owned equipment and hosted miners, their total managed hash rate has already reached 78.1 EH/s.

Compared to the entire industry, the second-largest, Mara, has a hash rate of 66.4 EH/s, while CleanSpark’s is 47.3 EH/s. The gap is quite clear. In March, CleanSpark produced 658 Bitcoins, pushing their annual total to 1,799 coins. Their operational hash rate is about 50 EH/s, with over 1.8 GW of power and land resources under their control. However, their CEO revealed that besides mining, the team is actively expanding into AI and high-performance computing fields.

Additionally, Canaan Technology mined 89 Bitcoins in March, reaching a new high in their crypto holdings at the end of the month, with 1,808 Bitcoins and 3,952 Ethereum held. Their deployed hash rate is 10.97 EH/s. In February, they also acquired a 49% stake in Cipher’s three mining farms in West Texas. Their CEO said that despite Bitcoin network hash rate experiencing the largest quarterly decline since 2021, they are still expanding against the trend.

Interestingly, the entire Bitcoin mining market is now facing multiple pressures—weak coin prices, intensified competition, and some mining companies shifting resources toward AI computing. The total Bitcoin hash rate remains around 855 EH/s, still at a historical high.

Bit Deer has also started to capitalize on AI cloud services. Utilization rates jumped from 64% last month to 94%, with annualized revenue reaching $43 million, a 105% monthly increase. Their newly launched SEALMINER A4 series miners achieve an efficiency of 9.45 J/Th and are currently in the final assembly stage. Recently, they also released the SEALMINER DL1 Air series, dedicated miners for Scrypt algorithms used in Litecoin and Dogecoin blockchains.

Looking at this trend, competition in the Bitcoin mining industry will only intensify, and these leading miners are continuously optimizing energy efficiency, expanding hash rate, and venturing into new fields like AI. If you’re also interested in this market, Gate has many related assets and mining projects available—check out the latest market updates.