Bitdeer unveils SEALMINER Technology Roadmap, committed to increasing transparency in the mining sector

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SINGAPORE, June 7, 2024 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (Nasdaq: BTDR) (“Bitdeer” or the “Company”), a leading blockchain and high-performance computing technology company, today announced its research and development (R&D) technology roadmap for the SEALMINER Bitcoin mining machine. This announcement reaffirms the company’s ongoing commitment to achieving greater transparency in the mining sector.

In the dynamically evolving mining market, two aspects of transparency are particularly crucial for miners. First, miners’ expectations regarding future technological advances and delivery times of mining machinery; Second, access to data analysis of mining machine capabilities, equipment inventory and collective purchasing behavior.

“Bitdeer is committed to increasing transparency in our sector for the long term. We believe that Bitcoin miners’ financial models are significantly affected by price uncertainty. If these two aspects of transparency are not addressed, the mining community is more likely to suffer serious financial losses. We are pleased to close this information gap by announcing our R&D technology roadmap for SEALMINER,” said Linghui Kong, Chief Business Officer of Bitdeer.

SEALMINER’s technology roadmap and product release milestone are as follows:

SEAL01 – Chip Energy Efficiency 18.1J/TH, released Q1 2024

Previously announced in March 2024, Bitdeer’s 4nm process Bitcoin mining chip SEAL01 has an energy efficiency of 18.1J/TH. SEAL01 is seamlessly integrated into the SEALMINER A1 mining machine. As Bitdeer’s first mining machine, the SEALMINER A1 is expected to have a wall power consumption between 20J/TH and 23J/TH. The first batch is expected to be mass produced and delivered in the third quarter of 2024.

SEAL02 – Chip energy efficiency expected to be 14J/TH, scheduled for release in Q3 2024

The SEAL02 chip is expected to be launched in the third quarter of 2024, with an expected chip energy efficiency of 14J/TH. The power consumption optimization of the wall-mounted mining machine is expected to be in the range of 15 J/TH to 16.5 J/TH. The second-generation SEALMINER mining machine is expected to be mass-produced and delivered from the fourth quarter of 2024.

SEAL03 – Chip energy efficiency expected to be as low as 10J/TH, scheduled for release in Q4 2024

Scheduled for launch in the fourth quarter of 2024, SEAL03 has an expected chip energy efficiency of 10J/TH, while the optimized power consumption for wall mounting of the mining machine is expected to be between 11J/TH and 12J/TH. The third-generation SEALMINER mining machine is expected to be mass-produced and delivered in the second quarter of 2025.

SEAL04 – Chip energy efficiency expected to break through to 5J/TH, scheduled for release in Q2 2025

The SEAL04 chip, scheduled for launch in the second quarter of 2025, is expected to have a chip energy efficiency as low as 5J/TH. The power consumption optimization of the wall-mounted mining machine is expected to be in the range of 5.5 J/TH to 6 J/TH. The fourth-generation SEALMINER mining machine is expected to be mass produced and is expected to be delivered in the fourth quarter of 2025.

Bitdeer has a full-fledged team of professional engineers dedicated to R&D in key areas including ASIC design, algorithm development, platform architecture, software and hardware. The company will continue to invest in R&D to improve its long-term competitiveness and offer efficient, sustainable and reliable products and services. It will continue to work with its customers to contribute to the security of the decentralized Bitcoin network.

Roadmap website:https://www.bitdeer.com/sealminer/roadmap

About Bitdeer Technologies Group
Bitdeer is a leading technology company for blockchain and high-performance computing. Bitdeer strives to provide comprehensive computing solutions for its customers. The company handles complex processes involved in computing, such as equipment procurement, transportation logistics, data center design and construction, equipment management, and day-to-day operations. The company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Bitdeer, headquartered in Singapore, has deployed data centers in the United States, Norway and Bhutan. Visit for more information https://ir.bitdeer.com/ or follow Bitdeer on X @ BitdeerOfficial and LinkedIn@ Bitdeer group.

Investors and others should note that Bitdeer may announce material information through 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 on its website.

Forward-Looking Statements

Statements in this press release regarding future expectations, plans and prospects, as well as any other statements of matters that are not historical facts, may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. words ‘anticipate’, ‘look forward’ to’, ‘believe’, ‘continue’, ‘may’, ‘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 could differ materially from those indicated in 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. All 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 statements, whether as a result of new information, future events or otherwise. Readers should not rely on the information on this page as being current or accurate after the date of publication.

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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ccb07ee0-abe3-4b31-8d25-bbbc04d51085