Bitdeer Announces New 4nm Bitcoin Mining Chip SEAL01
March 04 2024 - 6:33AM
Bitdeer Technologies Group (NASDAQ: BTDR)
(“
Bitdeer” or the “
Company”), a
world-leading technology company for blockchain and
high-performance computing, today announced the successful testing
of its first Bitcoin mining chip, the SEAL01. Powerfully efficient,
SEAL01 is designed for integration into Bitdeer’s new SEALMINER A1
mining machines.
The SEAL01 chip is created using an advanced 4-nanometer process
technology in partnership with a world-leading semiconductor
foundry. Initial tests indicate an exceptional power efficiency of
18.1 J/TH.
Jihan Wu, Founder, Chairman, and Chief Executive
Officer of Bitdeer, commented, “With the successful testing of our
new mining chip, I am very excited to formally announce the
introduction of both the SEAL01 chip and the SEALMINER A1 as core
to our new mining machines business. These products showcase our
technology excellence and position us well for the future.”
The future of Bitcoin mining demands highly
efficient technology, lower operating costs and a reduced
environmental footprint for miners. The SEAL01 empowers miners to
navigate the evolving Bitcoin mining landscape with a superior
solution that provides efficiency and stability while adhering to
the principles of sustainable mining.
Bitdeer’s global research and development team
with specialization in chip design, firmware and system hardware
have been tasked with breaking new ground in performance and
efficiency to unlock emerging opportunities that continue to
strategically position the Company following the upcoming Bitcoin
halving event.
About Bitdeer Technologies
Group
Bitdeer is a world-leading technology company
for blockchain and high-performance computing. Bitdeer is committed
to providing comprehensive computing solutions for its customers.
The Company handles complex processes involved in computing such as
equipment procurement, transport logistics, datacenter design and
construction, equipment management, and daily operations. The
Company also offers advanced cloud capabilities to customers with
high demand for artificial intelligence. Headquartered in
Singapore, Bitdeer has deployed datacenters in the United States,
Norway, and Bhutan. Investors and others should note that Bitdeer
may post information about the Company on its website at
https://ir.bitdeer.com/or on its accounts on Twitter, Facebook,
LinkedIn or other social media platforms. It is possible that the
postings could include information deemed to be material
information. Therefore, the Company encourages investors, the media
and others interested in the Company to review the information it
posts on its website at https://ir.bitdeer.com/ and on its social
media accounts. Follow Bitdeer on Twitter at @ BitdeerOfficial and
LinkedIn @ Bitdeer Group. Information that Bitdeer may post about
the Company on its website and/or on its accounts on Twitter,
Facebook, LinkedIn or other social media platforms may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 that involve risks and
uncertainties. You should not place undue reliance on
forward-looking statements contained on the Company’s website
and/or on the Company’s accounts on Twitter, Facebook, LinkedIn or
other social media platforms, and the Company undertakes no
obligation to publicly update forward-looking statements, whether
as a result of new information, future events or otherwise.
Forward-Looking Statements
Statements in this press release about future
expectations, plans, and prospects, as well as any other statements
regarding matters that are not historical facts, may constitute
“forward-looking statements” within the meaning of The Private
Securities Litigation Reform Act of 1995. The words “anticipate,”
“look forward to,” “believe,” “continue,” “could,” “estimate,”
“expect,” “intend,” “may,” “plan,” “potential,” “predict,”
“project,” “should,” “target,” “will,” “would” and similar
expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain these
identifying words. Actual results may differ materially from those
indicated by such forward-looking statements as a result of various
important factors, including factors discussed in the section
entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as
well as discussions of potential risks, uncertainties, and other
important factors in Bitdeer’s subsequent filings with the U.S.
Securities and Exchange Commission. Any forward-looking statements
contained in this press release speak only as of the date hereof.
Bitdeer specifically disclaims any obligation to update any
forward-looking statement, whether due to new information, future
events, or otherwise. Readers should not rely upon the information
on this page as current or accurate after its publication date.
Media
Inquiries:pr@bitdeer.com
Contacts
Investor RelationsRobin Yang, PartnerICR,
LLCEmail: Bitdeer.ir@icrinc.comPhone: +1 (212) 537-5825
Public RelationsBrad Burgess, SVPICR,
LLCEmail: Bitdeer.pr@icrinc.comPhone: +1 (212) 537-4056
Bitdeer Technologies (NASDAQ:BTDR)
Historical Stock Chart
From Nov 2024 to Dec 2024
Bitdeer Technologies (NASDAQ:BTDR)
Historical Stock Chart
From Dec 2023 to Dec 2024