Bitdeer Technologies, a leading bitcoin mining firm headquartered in Singapore and founded by Jihan Wu, has announced a significant milestone in its technological advancement. The company has successfully tested a self-designed bitcoin mining chip that will power its upcoming mining rig, the Sealminer A1.
In a statement released on X on Monday, Bitdeer Technologies revealed that its groundbreaking crypto mining chip, named SEAL01, was developed using state-of-the-art 4-nanometer process technology from a semiconductor fabricator. The chip boasts an impressive power efficiency ratio of 18.1 J/TH, setting a new standard in energy efficiency for bitcoin mining operations.
“This powerful chip offers enhanced Bitcoin mining performance with minimized power consumption, leading to lower operating costs and a reduced environmental footprint for miners,” stated Bitdeer in the X post. The company emphasized the chip’s potential to revolutionize the mining industry by optimizing efficiency, stability, and performance.
Bitdeer Technologies did not disclose the specific launch timeline for its new mining rig. However, the company highlighted that the newly designed chip positions it well to capitalize on the upcoming bitcoin halving event anticipated in April.
Shares of Bitdeer Technologies, listed on Nasdaq, closed up 2.11% at $6.76 on Friday, reflecting investor optimism in the company’s technological breakthrough and future prospects.