Bitdeer and TSMC to launch state-of-the-art mining chip after successful test

Bitcoin miner Bitdeer will soon launch a new state-of-the-art chip following a successful tape-out, the process when a chip manufacturer tests its designs. 

SEAL02, built in conjunction with world-leading semiconductor producer TSMC, will have an “exceptional” power efficiency ratio of 13.5 J/TH while running at lower speeds.

“We are thrilled about achieving SEALMINER’s power efficiency target as reflected in our roadmap. Our ongoing commitment to R&D is making possible innovative and superior solutions,” Linghui Kong, Bitdeer chief business officer, said in a statement.

The company plans to begin mass producing the new mining machines beginning in November. It is also current conducting research into a new SEAL03 mining chip, according to the press release. 

In May, Bitdeer Technologies Group entered into an agreement with Tether for the private sale of up to $150 million of its shares.

Like many bitcoin mining companies, the firm has also entered the AI computing sector. The Singapore-headquartered company reported a net loss of $17.7 million in the second quarter of 2014.