- Bitdeer’s successful testing of a self-designed Bitcoin mining chip with 4-nanometer process technology.
- This innovation aims to enhance Bitcoin mining performance while minimizing power consumption, leading to lower operating costs and reduced environmental impact for miners.
In anticipation of the upcoming bitcoin halving event expected in April, Bitdeer Technologies, a prominent bitcoin mining firm based in Singapore and listed on Nasdaq, has revealed the successful testing of its latest crypto mining chip.
This self-designed chip, known as SEAL01, utilizes cutting-edge 4-nanometer process technology from a semiconductor fabricator, achieving an impressive power efficiency ratio of 18.1 J/TH. The company, founded by Jihan Wu, aims to enhance Bitcoin mining performance while minimizing power consumption, ultimately reducing operational costs and environmental impact for miners. Bitdeer, however, has not disclosed the specific launch timeline for its innovative mining rig, the Sealminer A1.
According to Bitdeer, the newly developed chip allows the firm to optimize efficiency, stability, and performance in preparation for the forthcoming Bitcoin halving event. The Sealminer A1 is poised to make a significant impact, offering miners an advanced tool to navigate the challenges associated with the halving event. Despite the groundbreaking technological strides, Bitdeer remains cautious in revealing specific details about the Sealminer A1’s debut.
Bitdeer’s commitment to advancing Bitcoin mining technology is evident in its strategic move to develop a proprietary chip, addressing the growing needs of the mining community. The announcement comes at a critical juncture, as the cryptocurrency industry braces for the impact of the upcoming halving event.
The company’s shares experienced a positive uptick, closing up by 2.11% at $6.76 on Nasdaq, reflecting the market’s positive reception to the news. This development underscores the ongoing efforts within the industry to innovate and adapt to the evolving dynamics of cryptocurrency mining.
As Bitdeer Technologies continues to play a pivotal role in the crypto infrastructure landscape, its latest chip development represents a step forward in the quest for more efficient and sustainable mining practices.
The unveiling of the 4nm chip sets the stage for a potential shift in the industry’s approach to power consumption, with Bitdeer at the forefront of technological advancements. While the exact release date of the Sealminer A1 remains undisclosed, the crypto-mining community eagerly anticipates the introduction of this cutting-edge solution that aligns with the industry’s sustainability goals.
About Bitdeer (NASDAQ: BTDR)
Bitdeer, a Nasdaq-listed company, stands at the forefront of the cryptocurrency industry, committed to delivering reliable and comprehensive bitcoin mining solutions on a global scale. With six mining data centers strategically positioned around the world, boasting a formidable total hash rate of 21.2 EH/s as of September 30, 2023, Bitdeer has emerged as a world leader in mining services since its establishment in 2018.
Their comprehensive mining solutions encompass everything from cutting-edge bitcoin mining hardware to advanced software, providing users worldwide with an industry-leading experience. The commitment to environmental responsibility is evident in our utilization of 54% carbon-free energy, a figure we aim to increase over time.
Bitdeer’s global network comprises six mining farms, collectively representing an impressive 895MW aggregate electricity capacity. They pride themselves on their environmental consciousness, ensuring sustainable practices as they contribute to the growth and development of the cryptocurrency landscape.
Led by founder and chairman, Jihan Wu, a visionary in the industry recognized for translating Satoshi Nakamoto’s original Bitcoin whitepaper, Bitdeer has evolved under the leadership of CEO Matt Linghui Kong. With extensive experience in information technology and project management for internet giants like Baidu, Yahoo, and Tencent, Matt Linghui Kong brings invaluable expertise to their leadership team.
Strategic partnerships with top miner manufacturers and renowned mining pools, including BTC.com, ViaBTC, Foundry, AntPool, F2Pool, and BTC.top, underline Bitdeer’s commitment to excellence. The miner sharing platform offers users traceable miners, direct payouts from pools, flexible plans, authenticity, transparency, security, convenience, and 24/7 operation.
With a global membership base spanning over 200 countries and regions, drawing over 3,000,000 monthly website visits, and deploying mining farms across Europe and North America, Bitdeer provides a first-in-class miner sharing service.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
