According to official news, Bitdeer announced its unaudited financial results for Q2 2024, with revenue of $99.2 million, gross profit of $24.4 million, and adjusted EBITDA of $24.9 million, up 5.8%, 50.6%, and 33.2% year-on-year, respectively. As of June 30, 2024, the company held $203.9 million in cash and cash equivalents, $24.9 million in cryptocurrencies, and $37.8 million in debt. The company has now started mass production of the first batch of SEALMINER A1 chips and plans to deploy 3.4 EH/s of its own computing power by the end of the year. The initial tape-out wafers for the second-generation SEAL02 chip will be delivered from TSMC and are expected to be delivered at the end of September. After successful testing, mass production is expected to be achieved by the end of the year. In addition, the research and development of the third-generation SEAL03 chip has also begun.