Bitdeer Stock Soars 160% Amid SEALMINER A2 Launch
Bitdeer aims for 35 EH/s by 2025, driven by advanced SEALMINER A2 rigs and increasing customer demand. SEAL02 chip in SEALMINER A2 improves mining efficiency while tackling Bitcoin mining’s energy consumption challenges. Bitdeer Technologies stock is up 160% in the last month to $21.10. The company’s SEALMINER A2 mining systems and ambitious ideas for AI-powered [...]
- Bitdeer aims for 35 EH/s by 2025, driven by advanced SEALMINER A2 rigs and increasing customer demand.
- SEAL02 chip in SEALMINER A2 improves mining efficiency while tackling Bitcoin mining’s energy consumption challenges.
Bitdeer Technologies stock is up 160% in the last month to $21.10. The company’s SEALMINER A2 mining systems and ambitious ideas for AI-powered data centers fuel this notable expansion.
Reversing the competitive sector of crypto mining, the revised aim of obtaining 35 EH/s in processing power by 2025 is a significant rise from the prior target of 18 EH/s. Customer demand has also been extreme; pre-orders for SEALMINER A2 rigs already indicate faith in Bitdeer’s technical innovations by accounting for 30,000 units.
BITDEER GOES BEAST MODE—SHARES UP 160% IN A MONTH
Bitdeer’s stock just hit $21.10, up 160% in the past month, thanks to its new SEALMINER rigs and big AI data center plans.
Their updated goal of 35 EH/s for 2025 (up from 18 EH/s) is shaking up the mining game, with customers… pic.twitter.com/0pZaFWfa6y
— Mario Nawfal’s Roundtable (@RoundtableSpace) December 10, 2024
Expanding Efficiency with SEAL02 and Strategic Infrastructure
The innovative SEAL02 chip found in the SEALMINER A2 rigs can provide hashrates ranging from 446 TH/s for hydro-cooled setups to 226 TH/s for air-cooled variants, as we previously reported. While meeting the growing demand for high-performance computer solutions, this robust equipment is supposed to greatly improve mining efficiency.
Bitdeer is extending its operational territory and adding 1.1 GW of more power capacity slated to go online by 2025 to help with growth. Crucially important to the company’s growing plan are infrastructure projects, including a 100 MW hydro-cooled plant in Texas and a 40 MW facility in Norway.
Bitdeer is expanding its AI cloud offerings simultaneously, targeting the United States, the Netherlands, Singapore, and Canada. NVIDIA H200 devices at its Tier 3 data centers complement these developments and represent a significant first step toward introducing artificial intelligence into its business practices.
To support its expansion initiatives—including the construction of innovative ASIC-based mining facilities and other data center facilities—the company has also obtained $400 million through convertible senior notes.
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