{"id":95001,"date":"2024-09-27T11:10:55","date_gmt":"2024-09-27T15:10:55","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=95001"},"modified":"2024-09-27T11:11:45","modified_gmt":"2024-09-27T15:11:45","slug":"bitdeer-completes-testing-of-seal02-mining-chip","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitdeer-completes-testing-of-seal02-mining-chip\/","title":{"rendered":"Bitdeer Completes Testing of SEAL02 Mining Chip"},"content":{"rendered":"\n

After testing the SEAL02 chip, Bitdeer Technologies Group<\/a> was able to meet its efficiency goal for mining Bitcoin.\u00a0
<\/p>\n\n\n\n

\"Bitdeer
Bitdeer Completes Testing of SEAL02 Mining Chip<\/figcaption><\/figure>\n\n\n\n

In a news statement on September 26, Bitdeer Technologies Group reported that testing its most recent mining chip, SEAL02, had been successful. <\/p>\n\n\n\n

The chip's J\/TH (joules per terahash) power efficiency<\/a> ratio was 13.5. This outcome represents a major advancement in the company's June 2024-set SEALMINER technology roadmap. <\/p>\n\n\n\n

Using state-of-the-art technology, the SEAL02 chip was developed in collaboration with TSMC, a prominent semiconductor manufacturer. <\/p>\n\n\n\n

Prototype testing confirmed the chip's functionality and showed how well it worked in a power-saving mode<\/a>. <\/p>\n\n\n\n

Bitdeer's stock (ticker symbol BTDR) is up more than 8% as of this writing. Its share price closed yesterday at $7.54.\u00a0<\/p>\n\n\n\n

Bitdeer's Mining Plans<\/h2>\n\n\n\n

Mass production of the SEAL02 chip is anticipated to start in November 2024 and will be incorporated into the company's future SEALMINER A2 mining rigs. <\/p>\n\n\n\n

Furthermore, Bitdeer is working on SEAL03, its upcoming chip, which is expected to be released on schedule. <\/p>\n\n\n\n

Tether and Bitdeer signed a subscription deal<\/a> in May for Tether to buy up to $150 million worth of shares through a private placement. <\/p>\n\n\n\n

18.6 million Class A shares and a warrant for an additional 5 million shares were included in the deal, raising $100 million in total, with an additional $50 million possible if the warrant was exercised. <\/p>\n\n\n\n

The engineers at Bitdeer work on several projects, including platform architecture, algorithm development, and ASIC design\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, as part of their larger mission to improve the security of the Bitcoin network. <\/p>\n\n\n\n

Utilizing computers to solve challenging puzzles, Bitcoin mining verifies transactions on the blockchain. A mining chip's efficiency determines how much power it needs to generate Bitcoin, which can lower energy costs and save miners money.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

After testing the SEAL02 chip, Bitdeer Technologies Group was able to meet its efficiency goal for mining Bitcoin.\u00a0 In a news statement on September 26, Bitdeer Technologies Group reported that testing its most recent mining chip, SEAL02, had been successful. The chip’s J\/TH (joules per terahash) power efficiency ratio was 13.5. This outcome represents a […]<\/p>\n","protected":false},"author":43,"featured_media":95002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[7279,152,14336],"class_list":["post-95001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-mining-chip","tag-bitcoin","tag-bitdeer"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/09\/croc_1727445273286.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=95001"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/95002"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=95001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=95001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=95001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}