Bitdeer Unveils SEALMINER R&D Roadmap amid Stock Surge

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As a researcher with a background in blockchain technology and high-performance computing, I find Bitdeer Technologies Group’s R&D roadmap for their SEALMINER Bitcoin mining machine to be an exciting development. The company’s commitment to transparency by disclosing their technology roadmap is commendable, as it addresses the financial uncertainties faced by miners due to price volatility.

Bitdeer Technologies Group, a pioneering company in the realm of blockchain technology and high-performance computing (HPC), has unveiled the development plan for its innovative Bitcoin mining machine, named SEALMINER, through their dedicated R&D team.

Bitdeer’s announcement intends to eliminate the informational disparity causing potential financial risks for miners, according to Linghui Kong, its Chief Business Officer.

“We hold the view that Bitcoin miners’ financial structures are highly sensitive to price volatility. If clarity on these matters is not provided, the mining sector risks experiencing substantial financial setbacks. To help bridge this knowledge divide, we are excited to share our technology development plan for SEALMINER.”

SEALMINER R&D Roadmap

The SEAL01 chip, which was earlier unveiled using a 4nm manufacturing technique, has now been incorporated into Bitdeer’s debut mining machine – the SEALMINER A1. This device is projected to consume power between 20 Joules and 23 Joules per Terahash per second (TH) when mounted on a wall. Bitdeer aims to manufacture this machine in large quantities and deliver the initial shipment of SEALMINER A1 units during Q3, 2024.

In the third quarter of 2024, the SEAL02 chip is slated for release, aiming to deliver an energy efficiency of approximately 14 joules per terahash (J/TH). The manufacturer anticipates a refined power consumption for this second-generation mining machine to fall within the range of 15 J/TH to 16.5 J/TH. Mass manufacturing and distribution of SEALMINER devices incorporating this chip are projected to commence in the last quarter of this year.

The SEAL03 chip, scheduled for release in the last quarter of this year, strives for an energy efficiency of 10 Joules per Terahertz (J/TH). Based on the company’s declaration, the power consumption of these machines is projected to be around 11-12 J/TH. Mass production and distribution are planned for the second quarter of 2025.

Moving forward, the SEAL04 chip is scheduled for launch in the second quarter of 2025. This chip aspires to make a groundbreaking leap in energy efficiency, reaching a consumption level of only 5 Joules per Terahash. The anticipated power usage for the associated mining equipment will vary between 5.5 and 6 Joules per Terahash. Manufacturing and distribution of these machines are projected to begin in the last quarter of 2025.

As a researcher studying the operations of a forward-thinking mining company, I can share that our primary goal is to deliver efficient, eco-friendly solutions for Bitcoin mining, while maintaining a sustainable and dependable business model. In collaboration with our valued customers, we strive to fortify the security of the decentralized Bitcoin network, ensuring its continued growth and success.

Currently, Bitdeer (BTDR) shares are up by more than 4% and are priced at approximately $7.32 on the Nasdaq stock exchange. The Bitcoin mining stock sector witnessed a rise in value on Thursday due to market conjecture fueled by industry acquisition proposals.

Mining stocks like Stronghold (SDIG), Core Scientific, and TeraWulf experienced significant growth, with their shares jumping over 15%. In contrast, Iris Energy (IREN), Mawson (MIGI), Cathedra (CBIT), and Argo Blockchain reported impressive gains of more than 10%.

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2024-06-07 13:18