NASDAQ-listed Bitdeer Technologies Group, led by Bitmain co-founder Jihan Wu, has announced the development of its inaugural cryptocurrency mining chip, the SEAL01. The SEAL01 chip employs 4nm technology, achieving an energy efficiency of 18.1 J/TH. This is expected to establish a new standard for energy efficiency in the field.
This development positions Bitdeer alongside industry leaders like Bitmain and Whatsminer, signaling its entry into the competitive market. As of now, the company is preparing to mass produce the SEALMINER A1, a bitcoin mining machine equipped with the SEAL01 chip.
According to the announcement, the SEAL01 chip was the result of Bitdeer’s collaboration with a “world-leading semiconductor fabricator.” This partnership was reportedly pivotal in achieving the chip’s exceptional power efficiency ratio to enhance Bitcoin mining efficiency while simultaneously reducing operational costs and environmental impact.
Bitdeer anticipates that the design of the SEAL01 chip will reduce energy consumption, aligning with efforts to make mining operations more sustainable. Additionally, the chip also supports scalability, a critical feature per the firm, to accommodate future mining demands and address the challenges expected following the 2024 Bitcoin halving event.
Furthermore, Bitdeer has also invested in assembling a global team of professionals with expertise in chip design, firmware, and hardware engineering. According to the firm, this international collaboration has played a crucial role in enhancing the SEAL01 chip’s efficiency, stability, and performance. This development provides the Bitcoin mining community with an advanced tool designed to meet the changing requirements of crypto-mining.
Meanwhile, in the broader crypto mining scene, a landmark legal development has occurred with the Texas Blockchain Council (TBC) and Riot Platforms Inc. achieving a significant victory against the Biden administration. This victory comes as the United States District Court for the Western District of Texas issued an order in favor of the plaintiffs, specifically targeting the Department of Energy (DOE), among other defendants.
The core of the lawsuit was the challenge against the emergency data collection efforts through Form EIA-862, a move by the plaintiffs to highlight the essential balance between regulatory objectives and the need for operational confidentiality within blockchain enterprises. The resolution of the case, as directed by Judge Alan Albright, includes a formal agreement to cease the contested data collection activities. The court stayed the case and directed the clerk to administratively close it, ensuring a formal conclusion to this significant chapter in the regulation and oversight of crypto mining activities.
