Bitdeer develops 4nm bitcoin mining chip for upcoming rig
Quick Take The Nasdaq-listed bitcoin mining firm said that it hopes to support the community in getting prepared for the bitcoin halving event that’s expected to occur in April.
Singapore-headquartered bitcoin mining firm Bitdeer Technologies, founded by Jihan Wu, has “successfully tested” a self-designed bitcoin mining chip that will be used in its upcoming mining rig, the Sealminer A1, the company said.
The Nasdaq-listed firm announced on X on Monday that its first crypto mining chip, the SEAL01 was designed with the 4-nanometer process technology from a semiconductor fabricator. The chip could achieve a power efficiency ratio of 18.1 J/TH, the company claimed.
“This powerful chip offers enhanced Bitcoin BTC +5.06% mining performance with minimized power consumption, leading to lower operating costs and a reduced environmental footprint for miners,” Bitdeer said in the X post. The company did not disclose the launch timeline for its new mining rig.
Bitdeer added that the newly designed chip allows it to optimize efficiency, stability and performance in preparation for the upcoming bitcoin halving event that’s expected to occur in April.
Bitdeer shares closed up 2.11% at $6.76 on Nasdaq on Friday.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
