Bitdeer Technologies Group announced its unaudited mining and operations updates for October 2024, confirming the commencement of mass production for its SEALMINER A1 and A2 machines. The SEALMINER A1 production plan is expected to yield approximately 3.7 EH/s of units, with deliveries already underway and phased energization anticipated between December and the end of Q1 2025.
The first production run of the SEALMINER A2 is projected to produce approximately 18 EH/s, which will be utilized for both self-mining operations and sales to external customers. This marks a significant step for Bitdeer as it enters the multi-billion dollar ASIC market in 2025, with early demand indicating strong interest in its technology.
Furthermore, Bitdeer initiated the initial tape-out of its third-generation chip, targeting an industry-leading efficiency of 10 J/TH, with initial sample wafers expected in Q2 2025. This progress highlights the company's ongoing commitment to its ASIC technology roadmap and its strategy to diversify revenue streams.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.