Latest news with #SEALMINER
Yahoo
21-05-2025
- Business
- Yahoo
‘We have the power': Bitdeer exec explains why miners are in demand beyond crypto
Bitcoin mining isn't just about Bitcoin anymore — it's becoming a much bigger story about energy, infrastructure, and cutting-edge technology. That's how Bitdeer's Jeff LaBerge sees it. Speaking to TheStreet Roundtable's Rob Nelson, the exec said the company is now attracting a broader audience beyond just crypto fans. 'The universe of investors has gotten significantly larger really in the past year,' LaBerge said. 'Now a lot of that's had to do with the energy play.' He explained that thanks to the rise of AI and big cloud computing needs, power infrastructure is more critical than ever — and Bitcoin miners like Bitdeer are right in the middle of that transition. 'We happen to have a lot of power at the right time,' he noted, making miners part of the new energy conversation. What's also unique about Bitdeer, LaBerge added, is the tech. The company makes its own Bitcoin mining rigs, called ASICs. 'We're truly a technology company,' he said, adding that investors from sectors like semiconductors are now starting to take interest. 'We are producing a disruptive technology.' When asked if Bitdeer would ever launch its own token to raise capital, LaBerge didn't rule it out. 'It's going to become a new market, a new way to raise capital and securitize things,' he said. 'We haven't thought significantly about it, but I do think we're going to start seeing more of it.' On the topic of crypto regulation, LaBerge hopes that real clarity is coming soon. 'What the market doesn't like is uncertainty,' he said. 'There's less uncertainty than before — it's more sentiment now — but we really need to start seeing some action.' Bitdeer is ramping up its self-mining operations, aiming to reach a hashrate of 40 exahashes per second (EH/s) by the end of 2025 — a significant leap in computing power dedicated to securing the Bitcoin network. Hashrate refers to the total computational power used by a blockchain network to process transactions and secure the system. In Bitcoin mining, a higher hashrate means more machines are working to solve complex cryptographic puzzles. This boosts network security and increases the likelihood of earning mining rewards. The company is relying on its SEALMINER rigs and ample global power capacity to fuel this growth. Additionally, Bitdeer has reportedly been expanding its U.S. operations as a strategic hedge against potential trade war escalations. As of March, Tether held a 21% stake in the company, according to regulatory filings. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bahrain News Gazette
10-03-2025
- Business
- Bahrain News Gazette
Bitdeer Completes Testing of its Latest SEAL03 Bitcoin Mining Chip
Initial prototype tests indicate an exceptional power efficiency ratio of 9.7 J/TH SINGAPORE, March 10, 2025 (GLOBE NEWSWIRE) — 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 latest Bitcoin mining chip, SEAL03, following tape-out. An exceptional power efficiency ratio of 9.7J/TH – while running at low voltage, ultra power-saving mode – was indicated in the SEAL03 chip's verification and prototype tests, achieving its performance target as outlined in the SEALMINER technology roadmap. SEAL03 uses one of the most advanced process nodes in partnership with TSMC, a world-leading semiconductor foundry. Matt Kong, Chief Business Officer at Bitdeer, commented, 'We are thrilled about SEAL03 achieving a most critical performance milestone following prototype testing. Our unwavering R&D commitment is making possible innovative solutions that are setting new performance benchmarks that will benefit the wider mining ecosystem.' SEAL03 will be integrated into the Company's upcoming SEALMINER A3 series mining machines, with mass production scheduled to commence in the latter half of this year. Additionally, R&D work on the upcoming SEAL04 chip is ongoing in line with the Company's product release roadmap. With a full-fledged team of professional R&D engineers, Bitdeer will continue to work alongside its customers in contributing to the security of the Bitcoin decentralized network. 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. To learn more, visit or follow Bitdeer on X @ BitdeerOfficial and LinkedIn @ Bitdeer Group. Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on social media and other communication channels listed on its website. About SEALMINER SEALMINER, a pioneering brand of Bitcoin mining machines under Bitdeer Technologies Group (NASDAQ: BTDR), specializes in offering efficient and sustainable mining solutions. SEALMINER integrates Bitdeer's self-developed SEAL series of mining chips manufactured using advanced process nodes. By continuously improving power efficiency ratios, SEALMINER is dedicated to providing innovative, efficient, and reliable products and services to customers worldwide. 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. Contacts: Sales Consultations
Associated Press
10-03-2025
- Business
- Associated Press
Bitdeer Completes Testing of its Latest SEAL03 Bitcoin Mining Chip
SINGAPORE, March 10, 2025 (GLOBE NEWSWIRE) -- 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 latest Bitcoin mining chip, SEAL03, following tape-out. An exceptional power efficiency ratio of 9.7J/TH - while running at low voltage, ultra power-saving mode - was indicated in the SEAL03 chip's verification and prototype tests, achieving its performance target as outlined in the SEALMINER technology roadmap. SEAL03 uses one of the most advanced process nodes in partnership with TSMC, a world-leading semiconductor foundry. Matt Kong, Chief Business Officer at Bitdeer, commented, 'We are thrilled about SEAL03 achieving a most critical performance milestone following prototype testing. Our unwavering R&D commitment is making possible innovative solutions that are setting new performance benchmarks that will benefit the wider mining ecosystem.' SEAL03 will be integrated into the Company's upcoming SEALMINER A3 series mining machines, with mass production scheduled to commence in the latter half of this year. Additionally, R&D work on the upcoming SEAL04 chip is ongoing in line with the Company's product release roadmap. With a full-fledged team of professional R&D engineers, Bitdeer will continue to work alongside its customers in contributing to the security of the Bitcoin decentralized network. 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. To learn more, visit or follow Bitdeer on X @ BitdeerOfficial and LinkedIn @ Bitdeer Group. Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on social media and other communication channels listed on its website. About SEALMINER SEALMINER, a pioneering brand of Bitcoin mining machines under Bitdeer Technologies Group (NASDAQ: BTDR), specializes in offering efficient and sustainable mining solutions. SEALMINER integrates Bitdeer's self-developed SEAL series of mining chips manufactured using advanced process nodes. By continuously improving power efficiency ratios, SEALMINER is dedicated to providing innovative, efficient, and reliable products and services to customers worldwide. 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. Contacts: Public Relations BlocksBridge Consulting Nishant Sharma
