#Bitdeer has announced the “successful” completion of its third-generation SEAL03 #bitcoin☀️ $BTC
mining chip with an expected efficiency of 10 J/TH.
In its October update published on Wednesday, Bitdeer said it expects to receive the first samples of SEAL03 wafers in the second quarter of next year. Successfully debugging the chip is a critical step in validating its design and paving the way for production.
In addition, Bitdeer said it has begun mass production of its SEALMINER A1 and A2 bitcoin miners, which total 21.7 EH/s and run on first and second generation bitcoin mining chips. The Company expects to deliver 3.7 EH/s SEALMINER A1s by January 2025 for its own mining operations. Approximately 0.4 EH/s of these products are headed to Bitdeer's mining sites in Texas and Norway for full activation by Q1. Another 1.7 EH/s of A1 miners are currently in production.
Mass production of SEALMINER A2 has also begun as Bitdeer has secured foundry capacity for 18 EH/s hashrate, which will be allocated for third-party sales and in-house mining. Last month, the company revealed the specifications of its air-cooled and hydro-cooled A2 miners, which boast a hashrate of 226 TH/s and 446 TH/s respectively, both achieving 16.5 J/TH efficiency.
As Bitdeer plans to deploy the first SEALMINER units for its mining equipment fleet, the actual performance and efficiency of the A1 and A2 series cannot be independently verified until deliveries reach third-party customers.
Earlier this year, Bitdeer unveiled a roadmap for the development of its SEAL Bitcoin ASIC. “We will continue to provide updates on the progress of this hashrate as part of our commitment to transparency for all stakeholders, including shareholders, suppliers and especially customers who need clear guidance to make informed decisions,” said Linhui Kun, Bitdeer's chief business officer, in an October update.
