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HomeNewsBitdeer Unveils R&D Roadmap for SEALMINER Bitcoin Mining Machine, Commits to Transparency...

Bitdeer Unveils R&D Roadmap for SEALMINER Bitcoin Mining Machine, Commits to Transparency in Mining Industry


Bitdeer, a Nasdaq-listed bitcoin mining and cloud mining firm, has announced a research and development (R&D) roadmap for its SEALMINER bitcoin mining machine and committed to bringing greater transparency to the bitcoin mining industry. The company revealed a technological roadmap for its SEAL bitcoin mining ASIC chips and the SEALMINER systems in the coming year.

According to the roadmap, Bitdeer plans to roll out two more generations of proprietary bitcoin ASIC chips within this year, which are expected to be as efficient as 10 J/TH. The company also expects to launch its SEALMINER A1, which runs on its first-generation ASIC, in Q3, with a wall-mount efficiency between 20 J/TH and 23 J/TH.

Bitdeer’s second and third generations of bitcoin ASICs, dubbed SEAL02 and SEAL03, are planned for launch in Q3 and Q4, respectively, with an expected chip efficiency of 14 J/TH and 10 J/TH. The SEALMINER A2 and A3 are expected to achieve an efficiency of around 16.5 J/TH and 12 J/TH, respectively.

In addition, Bitdeer intends to roll out SEAL04 in Q2 next year with a target efficiency of 5 J/TH.

The company’s commitment to transparency in the mining industry is a significant development, as the lack of transparency around inventory planning or new product launches from ASIC miner manufacturers has long plagued bitcoin mining companies. Bitdeer’s commitment to transparency aims to address crucial aspects such as miners’ expectations of future technological advancements and delivery timelines, and provide access to data analytics on mining machine capabilities, equipment inventory, and collective purchasing behavior.

In related news, Bitdeer announced that it is acquiring DesiweMiner, a fabless bitcoin ASIC design team, in an all-stock deal valued at $140 million. The deal is expected to strengthen Bitdeer’s position in the bitcoin mining industry and enhance its ASIC design capabilities.

Bitdeer’s R&D efforts have already yielded significant results, with the company reporting research and development expenses of $21.2 million in Q1 this year, including a “one-off incremental development expense related to the SEAL01 chip” of $14.1 million.

The company’s commitment to transparency and innovation in the bitcoin mining industry is expected to have a significant impact on the industry, providing greater clarity and predictability for miners and investors alike.

Source: TheMinerMag


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