Bitdeer Sells All Bitcoin Holdings as Self-Mining Hashrate Surpasses Marathon Digital
The Jihan Wu-owned Bitcoin mining firm has exited its Bitcoin holdings while overtaking competitor Marathon Digital in self-managed network power.
BTC
Fact Check
Multiple high-authority and high-relevance industry news outlets, including The Block and Bitcoin Magazine, report that Bitdeer has liquidated its entire Bitcoin treasury of approximately 943 BTC. These sources reference direct company data and official statements, providing strong corroboration that Bitdeer sold all its corporate Bitcoin holdings. Cointelegraph and MEXC provide additional confirmation, further reinforcing the reliability of this data. Regarding self-mining hashrate, recent data from Hashrate Index and CoinNess indicate Bitdeer’s operational and self-mining hashrate currently exceeds that of Marathon Digital. These reports cite verified mining metrics and company disclosures. No credible contradictory reports are found, and the information is consistent across multiple primary sources. Therefore, the statement that Bitdeer has sold all of its Bitcoin holdings and that its self-mining hashrate is higher than Marathon Digital's is supported by converging evidence and can be assessed as likely true with high confidence.
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Terms & Concepts
- Hashrate: A measure of computing power used in cryptocurrency mining, indicating how many calculations are performed per second.
- Self-managed mining: A form of cryptocurrency mining where a company operates and controls its own mining hardware and facilities.
- Bitcoin mining: The process of verifying Bitcoin transactions and adding them to the blockchain using computational power.