High-performance machine manufacturer Bitdeer has announced plans to build faster and more efficient blockchain mining chips and rigs.
In a recent announcement, the company announced its research and development (R&D) technology roadmap for the flagship product, the SEALMINER Bitcoin mining machine. Over the next few months, the company plans to mass-produce this machine with improved chips that will result in increasing capacities to more with less power.
The first batch of SEALMINER A1 machines is slated for mass production and delivery in Q3 2024. The machines will feature the company’s 4nm process Bitcoin mining chip SEAL01, which boasts an energy efficiency of 18.1J/TH and a wall-mount power consumption expected between 20J/TH and 23J/TH.
Bitdeer also revealed plans to release the SEAL02 chip in Q3 2024, targeting an energy efficiency of 14J/TH. The SEALMINER machines using SEAL02 are expected to consume between 15J/TH and 16.5J/TH, with production starting in Q4 2024.
Bitdeer aims to launch the SEAL03 chip in Q4 2024, which is expected to achieve 10J/TH energy efficiency. The SEALMINER machines with SEAL03 will have a power consumption of 11J/TH to 12J/TH, with mass production slated for Q2 2025.
Finally, the SEAL04 chip, set for release in Q2 2025, will target 5J/TH energy efficiency. Machines with SEAL04 will consume 5.5J/TH to 6J/TH, with production planned for Q4 2025.
Linghui Kong, Bitdeer’s Chief Business Officer, emphasized the importance of the company’s transparency in addressing price uncertainty, which significantly impacts Bitcoin miners’ financial models.
“We are pleased to bridge this information gap by disclosing our R&D technology roadmap for SEALMINER,”
Kong stated.
Notably, Bitdeer recently secured a significant investment from USDT issuer Tether to accelerate its growth and maintain its leadership in the Bitcoin mining sector. This investment is expected to inject more than $100 million into Bitdeer’s capital coffers and another potential $50 million in the next twelve months. The company noted it intends to use the funds to expand its data centres, develop ASIC-based mining rigs, and support general corporate functions.
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