Marathon Digital’s Hash Rate Lead Lost as Short Interest Hits 30.24%
Bitdeer has surpassed Marathon Digital’s self-mining hash rate, reaching 63.2 EH/s versus Marathon’s 60.4 EH/s after deploying proprietary SEALMINER rigs. Marathon Digital now carries a 30.24% short interest, the second-highest level among large-cap crypto mining companies.
1. Hash Rate Shift
Analysts estimate Bitdeer has reached 63.2 EH/s of self-mining capacity, overtaking Marathon Digital’s reported 60.4 EH/s following the deployment of energy-efficient SEALMINER rigs. This marks a shift in sector dynamics as Marathon has rebranded toward digital infrastructure and AI workloads while relying on off-the-shelf hardware.
2. Elevated Short Interest
Marathon Digital’s shares have 30.24% sold short, the second-highest short interest among crypto miners with market caps above $2 billion. High bearish bets highlight investor concerns over Marathon’s recent production metrics and strategic pivot away from pure mining operations.