Bitdeer works on its own 4nm Bitcoin mining chip

The Bitdeer company announced that it is developing its own 4 nm chip for Bitcoin mining

The Bitdeer company announced that it is working on the development of its own 4 nm chip for Bitcoin mining. It would be used in the company’s next mining platform, the Sealminer A1.

The chip, called SEAL01, will offer an energy efficiency of 18.1 J/TH, “which means improved Bitcoin mining performance with reduced power consumption,” as indicated.

The company, based in Singapore, was founded by Jihan Wu and is listed on Nasdaq. Its new proprietary chip will allow a reduction in operating costs for miners, as well as a reduction in the environmental footprint of cryptocurrency mining.

Following the announcement by Bitdeer, which has not provided details of the launch schedule, its shares surged, closing up 2.11 % at $6.76 on the Nasdaq on Friday.

The truth is that with the development and implementation of Bitdeer’s 4nm chip, the company marks a milestone in bitcoin mining and positions itself “as an important player in the evolution of the cryptocurrency industry.”


Source: myconomy

(Reference image source: Unsplash+, in collaboration with Getty Images)

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