Key Points
- Bitdeer Technologies Group has revealed its R&D roadmap for the SEALMINER Bitcoin mining machine.
- Bitdeer’s shares have increased by over 4%, currently trading at approximately $7.32 on NASDAQ.
Bitdeer Technologies Group, a prominent player in the blockchain and high-performance computing sector, has publicized its R&D roadmap for the SEALMINER Bitcoin mining machine.
The purpose of this announcement is to reduce the information gap that could potentially cause substantial financial uncertainties for miners. Linghui Kong, the company’s Chief Business Officer, expressed:
“We believe that the financial models of Bitcoin miners are significantly impacted by price uncertainty. If these two aspects of transparency are not addressed, the mining community is more likely to suffer severe financial losses. Thus, we are pleased to narrow this information gap by disclosing our R&D technology roadmap for SEALMINER.”
Details of the SEALMINER R&D Roadmap
The previously announced SEAL01 chip, which uses a 4nm process, has been integrated into Bitdeer’s first mining machine, the SEALMINER A1. This machine is anticipated to have a wall-mount power consumption between 20J/TH and 23J/TH. Bitdeer plans to mass produce and deliver the first batch of SEALMINER A1 units in the third quarter of 2024.
The SEAL02 chip, set for launch in Q3 of 2024, is expected to achieve an energy efficiency of 14J/TH. The company projects optimized power consumption for this second-generation mining machine to be between 15J/TH and 16.5J/TH. Mass production and delivery of SEALMINER machines equipped with this chip are expected to begin in Q4 of this year.
The SEAL03 chip, also set to launch in Q4, aims for an energy efficiency of 10J/TH. According to the company’s announcement, the optimized power consumption for these machines is expected to range from 11J/TH to 12J/TH, with mass production and delivery slated for Q2 of 2025.
The SEAL04 chip is planned for release in Q2 of 2025. This chip aims to achieve a breakthrough energy efficiency of 5J/TH. The optimized power consumption for the corresponding mining machines is expected to range from 5.5J/TH to 6J/TH. Mass production and delivery for these machines are expected to commence in the Q4 of 2025.
The mining company aims to provide “efficient, sustainable, and reliable products and services while collaborating with customers to enhance the security of the Bitcoin decentralized network.”
In the meanwhile, Bitdeer’s shares have seen a rise of over 4%, currently trading at around $7.32 on NASDAQ. Thursday experienced a general uptrend in Bitcoin mining stocks, driven by market speculation following several industry takeover offers.
Shares of miners such as Stronghold (SDIG), Core Scientific, and TeraWulf (WULF) surged more than 15%. On the other hand, gains in Iris Energy (IREN), Mawson (MIGI), Cathedra (CBIT), and Argo Blockchain exceeded 10%.
