Bitdeer Invests $240M in TSMC to Boost Mining Power

• Bitdeer invests $240 million in TSMC to mass-produce SEAL02 chips, boosting efficiency and targeting a 40 EH/s hashrate in 2025.
• 7 EH/s of SEALMINER A2 units are allocated to external clients, with demand surpassing available production capacity ahead of bulk shipments in March 2025.

Bitdeer is moving quickly, as the company created by Jihan Wu has announced significant changes to its business approach. Good and bad news exists, nevertheless. With the SEALMINER A2 mining system, they are aiming for a hashrate of 40 EH/s by 2025 on the one side.

Conversely, the Q4 2024 financial report displayed far less positive numbers. How therefore is Bitdeer approaching this obstacle?

Bitdeer Gears Up for 40 EH/s With SEALMINER A2

Bitdeer has set aside a lot of money for TSMC, one of the biggest manufacturers of chips, to aim for 40 EH/s next year. According to The Miner Mag, the $240 million payment for Q4 2024 is meant for mass production of the SEAL02 chip, which will form the brain of SEALMINER A2.

This chip is meant to guarantee Bitdeer’s competitiveness in a market growingly competitive, lower energy usage, and increase mining efficiency.

Besides, 7 EH/s of the A2 unit will be assigned to outside clients. Demand has even outpaced the capacity for manufacturing at hand. Bitdeer is expected to start bulk shipments in March 2025 with orders previously placed and a 20% down payment obtained.

Expansion Strategy: Acquisition and Vertical Integration

Bitdeer is not only concentrating on hardware development but also deliberately growing its activities. Early February 2025 saw the business reveal the purchase of a 101 megawatt (MW) plant close to Fox Creek, Alberta, Canada. The deal came with a cash value of $21.7 million.

By this move, Bitdeer hopes to become a more autonomous participant using internal energy resources for mining activities.

This is most definitely not only a standard corporate plan. By means of control over your own energy resources, one can lower reliance on outside parties and offer long-term operating stability. Considering that Bitcoin mining operations sometimes find it difficult due to changes in energy prices, this is a wise step.

Bitdeer Stock: From Soaring 160% to Plunging 28%

Examining Bitdeer’s stock price over the past few months, one finds it to be on a roller coaster ride. CNF reported in December 2024 that Bitdeer’s stock had jumped 160%. The key causes of the rise were market hope in the company’s development and SEALMINER A2 technologies.

On February 25, 2025, the scenario turned around, though. Bitdeer’s shares fell over 28% upon the publication of the fourth quarter 2024 financial report. This is so since the quarter’s income—down roughly 40% from the same period the year before—was noted at $69 million. Furthermore, its net loss was $530 million, far higher than their fourth quarter 2023 loss of $5 million.

Why was it happening? Two key causes are claimed to have contributed to the fall: rising research and development expenses and the effect of the Bitcoin halving in April 2024. Despite the high cost of developing SEALMINER technology, Bitdeer appears to be confident in the potential returns on this investment.

Given all the strategies used, the main issue that begs questions is if Bitdeer can withstand the strain they are under. One could argue that the appropriate long-term actions are the acquisition of energy facilities and investment in mining technology. On the other side, the business has to deal with difficult financial issues.