Bitdeer Technologies Group (BTDR) shares are on the rise after the company announced a significant milestone: the successful completion of testing for its latest Bitcoin mining chip, SEAL02.
This advanced chip, developed in partnership with Taiwan Semiconductor Manufacturing Company Ltd (TSM), utilizes cutting-edge process nodes. The results of the testing were impressive, showcasing exceptional power efficiency and exceeding the target set by Bitdeer in June.
Linghui Kong, Bitdeer’s chief business officer, expressed enthusiasm about the achievement, stating that the company’s dedication to research and development continues to drive innovation and deliver superior solutions. He highlighted the positive impact these solutions will have on the mining ecosystem, fostering efficiency and transparency.
The SEAL02 chip is destined for integration into Bitdeer’s upcoming SEALMINER A2 mining machines. Mass production is scheduled to commence in November, suggesting a potential influx of these powerful mining machines into the market. Bitdeer also confirmed that research and development on SEAL03 is ongoing and progressing according to plan.
This news comes as Bitcoin continues to be a subject of interest in the financial world. As Bitdeer continues to push boundaries in the Bitcoin mining space, investors will be watching closely to see how these advancements impact the company’s performance and the wider cryptocurrency landscape.
