Bitdeer’s SEAL02 Chip Hits Efficiency Goals for Bitcoin Mining

• Bitdeer successfully tested the SEAL02 chip, achieving a power efficiency ratio of 13.5 J/TH.
• The SEAL02 chip will be integrated into SEALMINER A2, with mass production starting in November 2024.

Bitdeer Technologies Group has made a huge stride forward in the cryptocurrency mining business by successfully testing its latest Bitcoin mining chip, SEAL02.

This result follows a collaboration with TSMC, a prominent semiconductor foundry, and establishes Bitdeer as a key innovator in blockchain technology and high-performance computing.

The SEAL02 chip achieved an outstanding energy efficiency ratio of 13.5 J/TH during its verification and prototype tests, as detailed in the SEALMINER technology roadmap, which was published earlier in June 2024.

SEAL02 Chip Sets a New Efficiency Benchmark for Bitcoin Mining Operations 

Bitdeer’s SEAL02 chip establishes a new standard for energy efficiency, which is critical in the Bitcoin mining ecosystem, where power consumption is frequently a key issue. This chip will shortly be integrated into Bitdeer’s SEALMINER A2 mining equipment, and mass production is slated to commence in November 2024.

The SEAL02 chip’s inclusion into the SEALMINER A2 machines is expected to provide miners with a more cost-effective and energy-efficient solution, increasing profitability in a highly competitive market.

Linghui Kong, Bitdeer’s Chief Business Officer, acknowledged the company’s delight at meeting the SEALMINER’s power efficiency target. He stated:

“We are thrilled about achieving SEALMINER’s power efficiency target as reflected in our roadmap. Our ongoing commitment to R&D is making possible innovative and superior solutions that will set new benchmarks for efficiency and transparency to benefit the wider mining ecosystem.”

This commitment to technological advancement will help not just Bitdeer’s clients, but also the larger Bitcoin mining ecosystem, which relies on cutting-edge hardware to preserve network security and decentralization.

Bitdeer is also working on the creation of their next chip, SEAL03, which is currently in R&D and on pace to meet product release milestones.

The organization has a specialized staff of expert engineers who work on essential topics such as ASIC design, algorithm development, platform architecture, software, and hardware. This full-fledged R&D team demonstrates Bitdeer’s commitment to keeping ahead in a continuously changing business.

Furthermore, Bitdeer’s operations go beyond chip design and manufacture. The company has a strong presence in the blockchain and high-performance computing sectors, providing comprehensive computing solutions that include equipment procurement, transport logistics, datacenter design, building, and equipment administration.

Bitdeer, headquartered in Singapore, has datacenters in the United States, Norway, and Bhutan, cementing its position as a worldwide player in blockchain technology.

On the other hand, as we previously reported, Bhutan holds nearly $800 million in BTC through its fully-owned subsidiary, Druk Holdings. This makes it a bigger BTC holder than El Salvador, and Bhutan does not buy its crypto but rather mines it.