Bitdeer Reports 9.7 J/TH Efficiency in New Mining Chip Tests

Jihan Wu’s Bitdeer has announced the successful testing of its new bitcoin mining chip, SEAL03, which demonstrated an energy efficiency of 9.7 J/TH.

?Just In! Bitdeer nails it again with its latest #SEAL03 Bitcoin mining ASIC, logging an exceptional power efficiency ratio of 9.7 J/TH – surpassing market performance benchmarks!

This beast will power our upcoming #SEALMINER A3 series in the latter half of this year.

Read… pic.twitter.com/69iCfavqyD

— Bitdeer (@BitdeerOfficial) March 10, 2025

According to the roadmap presented in June 2024, the target for the chip was set at 10 J/TH. In the final SEALMINER A3 device based on SEAL03, this should provide a value of 11-12 J/TH.

This matches the efficiency of Bitmain’s flagship Antminer S21XP Hydro. The Chinese manufacturer introduced the bitcoin miner model in July 2024.

Bitdeer confirmed that mass production of the SEALMINER A3 is scheduled for the second quarter of this year. During the same period, the firm is expected to unveil a next-generation chip with an energy consumption rate of 5 J/TH.

In its financial report for the fourth quarter, the company stated its intention to increase its own hash rate to ~40 EH/s by the end of 2025 from the current 8.7 EH/s. This is expected to be achieved through the deployment of mass-produced SEALMINER A1 and A2 miners. The firm allocated devices with a total capacity of 7 EH/s for external buyers.

The SEALMINER A3 installations were not mentioned in the hash rate expansion plans. Bitdeer also reported that in the fourth quarter, it paid TSMC $190.6 million for SEAL02 chips and $52.8 million for “bringing SEAL03 to market.”

The company intensified its efforts to enter the bitcoin miner manufacturing segment after receiving $100 million in investments from Tether in May 2024. Later, Bitdeer acquired chip developer FreeChain Inc (Desiweminer).

In September, the firm successfully tested SEAL02, and in November, production of SEALMINER A2 based on it began.

Bitmain co-founder Jihan Wu acquired Bitdeer as part of a settlement for his departure from the mining giant in early 2021. The package also included $600 million, the BTC.com pool, and cryptocurrency mining data centers outside China. The agreement concluded a long-standing conflict between the entrepreneur and former partner Micree Zhan.

Wu almost immediately sold BTC.com to online lottery provider 500.com Limited (now BIT Mining Limited).

In April 2023, Bitdeer went public on Nasdaq through a reverse merger with SPAC Blue Safari Group Acquisition Corp.

Analysts at Bernstein estimate that mining equipment sales in the United States alone could reach $20 billion over the next five years.