Bitcoin Mining Stock Bitdeer Technologies Is Rising Thursday: What’s Going On?
Bitdeer Technologies Group (NASDAQ:BTDR) shares are trading higher. The company on Thursday announced that it completed the testing of its latest Bitcoin (CRYPTO: BTC) mining chip.
What To Know: Bitdeer said its Bitcoin mining chip SEAL02 has successfully gone through testing following tape-out. SEAL02 uses advanced process nodes in partnership with Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM).
Bitdeer noted that its latest chip showed an exceptional power efficiency ratio during testing and met the milestone that the company outlined in June.
“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 that will set new benchmarks for efficiency and transparency to benefit the wider mining ecosystem,” …
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