Bitdeer Reveals SEALMINER R&D Roadmap Amid Stock Surge

Bitdeer Technologies Group, a prominent player in the blockchain and high-performance computing (HPC) industry, has recently unveiled its research and development (R&D) roadmap for the SEALMINER Bitcoin mining machine. The announcement comes amidst a surge in the company’s stock price, with Bitdeer’s shares currently trading at around $7.32 on NASDAQ.

The Chief Business Officer of Bitdeer, Linghui Kong, emphasized the importance of transparency in the Bitcoin mining sector, stating, “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.” In an effort to address this issue, Bitdeer has disclosed its R&D technology roadmap for the SEALMINER.

The roadmap includes the introduction of several new chips, each aimed at improving energy efficiency and overall performance of the mining machines. The SEAL01 chip, utilizing a 4nm process, has already been integrated into Bitdeer’s first mining machine, the SEALMINER A1. This machine is expected to have a wall-mount power consumption between 20J/TH and 23J/TH, with mass production and delivery scheduled for the third quarter of 2024.

Looking ahead, Bitdeer plans to launch the SEAL02 chip in the third quarter of 2024, with an expected 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, with mass production and delivery set to begin in the fourth quarter of this year.

Furthermore, the SEAL03 chip is scheduled for release in the fourth quarter of 2024, aiming for an energy efficiency of 10J/TH. The optimized power consumption for these machines is expected to range from 11J/TH to 12J/TH, with mass production and delivery slated for the second quarter of 2025. The SEAL04 chip is planned for release in the second quarter of 2025, targeting a breakthrough energy efficiency of 5J/TH.

Bitdeer’s goal is to provide efficient, sustainable, and reliable products and services while collaborating with customers to enhance the security of the Bitcoin decentralized network. The company’s commitment to innovation and transparency has been well-received by investors, as evidenced by the recent surge in Bitdeer’s stock price.

In addition to Bitdeer, other Bitcoin mining stocks experienced gains on Thursday, driven by market speculation following industry takeover offers. Shares of miners such as Stronghold, Core Scientific, and TeraWulf surged by more than 15%, while gains in Iris Energy, Mawson, Cathedra, and Argo Blockchain exceeded 10%. The overall positive sentiment in the Bitcoin mining sector reflects growing investor interest in the industry’s potential for future growth and innovation.