BitDeer joins hands with TSMC to launch new mining chips
TSMC, the sacred mountain that protects the country, helps! According to "The Block" report, Bitcoin miner Bitdeer and TSMC are working together to launch a new high-performance mining chip "SEAL02". It has now completed initial testing and will begin mass production in the future.
BitDeer’s official press release revealed that the SEAL02 chip adopts the most advanced process in cooperation with TSMC. The biggest highlight is the excellent energy efficiency ratio, which can achieve a high efficiency of 13.5 J/TH when running at low speed, allowing the chip to maintain efficient mining capabilities. At the same time, it can also significantly reduce energy consumption and increase the profit margins of miners.
BitDeer also revealed that it expects to start mass production of new mining machines equipped with new chips in November, and that they are already developing the next generation mining chip SEAL03. In addition to its mining business, BitDeer is also actively exploring the field of AI computing and has launched an AI training platform, demonstrating a diversified development strategy.
BitDeer lost money in the second quarter and completed private placement with TEDA
As Bitcoin has completed its fourth halving, how to continue to maintain profitability after the output is halved is a major issue for many miners.
The second quarter financial report shows that BitDeer suffered a net loss of US$17.7 million. However, compared with the loss of US$40.4 million in the same period last year, the loss in this period has narrowed significantly. The total revenue also increased to US$99.2 million, and the gross profit increased year-on-year. 50.6%, reaching $24.4 million.
The main driver of BitDeer's revenue growth was its self-operated mining business, which increased from US$21.6 million in the same period last year to US$41.6 million. This was mainly due to the significant increase in the self-operated computing power of the Bhutan mine, which grew from 3.8 EH/s. to 7.3 EH/s.
In order to further strengthen its financial strength, BitDeer reached a private equity agreement with stablecoin issuer Tether in May this year.
According to the agreement, BitDeer sold shares worth US$100 million to TEDA and obtained warrants to purchase an additional 5 million shares at a price of US$10 per share, becoming a major shareholder. This funding will provide funding for the company's continued development. Important support.
