Bitdeer Expands Bitcoin Reserves by 43% in a Month

By the end of February, the cryptocurrency reserves of the public mining company Bitdeer reached 1039 BTC, up from 724 BTC the previous month. This represents a growth of approximately 43%, according to a press release.

During the reporting period, Bitdeer mined 110 BTC independently with its own hash rate of 9 EH/s. The total capacity managed by the firm is 20.9 EH/s.

In early March, the company announced successful tests of the SEAL03 chip for bitcoin mining, which demonstrated an energy efficiency of 9.7 J/TH. 

According to the roadmap, mass production of SEALMINER A3 units was scheduled to start in the second quarter of 2025. Bitdeer has adjusted its plans, with miner production now set to begin in the second half of the year.

Meanwhile, the production of SEALMINER A1 (3.7 EH/s in total) is “almost complete.” These devices are intended for the company’s own data centers, with final delivery expected this month.

Bitdeer plans to complete the production of the SEALMINER A2 batch with a capacity of 35 EH/s in October. Of this volume, 7 EH/s are intended for external clients.

The company continues research and development on the SEAL04 chip, which is expected to have an energy efficiency of 5 J/TH. Its release is planned for the third quarter.

Bitdeer’s management emphasized that it will continue to diversify its energy capacities to 2.6 GW to meet the needs of the artificial intelligence sector.

“Discussions continue with numerous development partners and potential end-users regarding the selection of large sites in the US for HPC/AI,” the statement said.

In February, the market capitalization of 14 public miners in the US fell by 22%. Companies focused on AI suffered due to the announcement of the launch of DeepSeek and uncertainty about future demand for capacity.