Bitdeer Unveils SEALMINER Roadmap to Revolutionize Bitcoin Mining

In an effort to enhance transparency and efficiency within the Bitcoin mining industry, Bitdeer has introduced its highly anticipated research and development (R&D) technology roadmap for its SEALMINER Bitcoin mining rig. The company aims to achieve mass production of innovative power-efficient 5J/TH chips by Q4 2025 through strategic investments in R&D.

Bitdeer's motivations for SEALMINER are multi-faceted. As a leader in Bitcoin mining, the company believes that transparent advancements in mining rig development are critical to the success of miners. This transparency will allow miners to gain greater clarity into the entire Bitcoin hardware lifecycle, including technological advancements, timely deliveries of Bitcoin mining machines, and insights into data analytics of mining machine capabilities, investor buying behaviors, and equipment inventory.

Bitdeer's Chief Business Officer Linghui Kong stated, "We believe that the financial models of Bitcoin miners are significantly impacted by price uncertainty. If these two aspects of transparency are not addressed, the mining community is more likely to suffer severe financial losses."

The first milestone on Bitdeer's SEALMINER roadmap is SEAL01, which features chip energy efficiency of 18.1J/TH, set to be released in Q1 2024. This technology has already been integrated into SEALMINER A1, the company's inaugural mining machine.

The next step is SEAL02, boasting an impressive energy efficiency of 14J/TH, with wall-mount energy consumption ranging between 15J/TH-16.5J/TH. SEAL02 is anticipated to launch in Q3 2024 and is on track for mass production and deliveries by the end of 2024.

Following SEAL02, SEAL03 will enhance energy efficiency to 10J/TH, with a wall-mount power consumption between 11J/TH and 12J/TH. SEAL03, representing Bitdeer's third-generation SEALMINER mining machine, is poised for mass production and deliveries in Q2 2025.

Lastly, SEAL04, with an energy efficiency of 5J/TH, is expected to launch in Q2 2025. The optimization of the mining machine's wall-mount power consumption is projected to range between 5.5J/TH and 6J/TH. This fourth-generation SEALMINER mining machine is planned for mass production with deliveries beginning in Q4 2025.

Bitdeer has a team of top engineers, constituting 25% of the company's total headcount, dedicated to the R&D process across specific chip technology applications, including ASIC design, algorithm development, and platform architecture, as well as hardware and software design.

Alongside its SEALMINER roadmap, Bitdeer has experienced significant growth. The company secured a $150 million private placement by leading stablecoin provider Tether International and enhanced its ASIC chip capabilities through the acquisition of fabless crypto ASIC design company Desiweminer.

With Q1 revenue of $119.5 million, marking an annual increase of 64.6%, Bitdeer is riding a wave of momentum. The company's innovative ASIC technology led to a 65% increase in the number of bitcoins mined in the first three months of the year, moving Bitdeer closer to a quarterly threshold of 1,000 bitcoins.

Investors interested in the future of ASIC technology and sustainable approaches to the power-intensive process of Bitcoin mining, which aims to reduce the industry's carbon footprint, may find Bitdeer an intriguing prospect during one of the most exciting times in Bitcoin history.