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New Bitdeer SEALMINER targets Litecoin and Dogecoin merged mining Traders Union
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Bitdeer (BTDR) Stock: Surges 8.6% on SEALMINER DL1 Air Launch for Litecoin & Dogecoin Mining CoinCentral
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Bitdeer stock rallies as firm rolls out SEALMINER machines for Litecoin and Dogecoin mining The Block
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Bitdeer launches Scrypt algorithm mining machine for Litecoin, Dogecoin Investing.com
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The Bitdeer stock has continued declining in value despite its recent offering. This comes as the Bitcoin miner firm sold off its BTC holdings as the token drops further in price. Bitdeer (BTDR) Stock Drops on Liquidated BTC Holdings According to YahooFinance, the BTDR stock crashed by nearly 3% in overnight hours, continuing the decline
The post Bitdeer Stock Declines as Bitcoin Miner Firm Sells Off Entire BTC Holdings appeared first on CoinGape.
]]>Bitwise has added Fold Holdings and Bitdeer Technologies to its Bitcoin Standard Corporations Index (OWNB). These firms now join Strategy, formerly MicroStrategy, Elon Musk’s Tesla, and many others already profiled in the fund. This brings the number of companies on the OWNB Index Fund to 22, with collective BTC holdings of more than 648,000.
The Bitwise Bitcoin Corporation Index Fund
This crypto index and exchange-traded funds provider announced the latest development on X earlier today. The news comes only two weeks after OWNB went live with a focus on companies with exposure to Bitcoin.
The index tracks top companies that hold Bitcoin as treasury assets in their balance sheets. According to the asset management firm, OWNB fund does not directly invest in Bitcoin but or indirectly offers exposure to the coin through derivatives referencing BTC.
Bitwise Standard Corporations ETF is one of the first in the ETF niche. The new ETF automatically assigns 1.5% weighting to corporations with BTC holdings over 1,000 but less than 33% of the proprietary assets.
The Composition of the Bitwise OWNB Index Fund
The top ten companies on this list are Strategy, Bitcoin mining firms MARA Holdings and Riot Platform, Tesla, Cleanspark, Hut 8, Block Inc, Coinbase Exchange, Boyaa Interactive, and Metaplanet.
Each company holds a minimum of 1,000 BTC in its treasury. Strategy increased its holdings to 506,137 BTC worth over $42 billion. It achieved this feat after it acquired 6,911 BTC for $584 million earlier this week. Tesla holds 11,509 BTC, Coinbase holds 6,885 BTC, and Cipher Mining has a minimum holding of 1.032 BTC.
With the amount of BTC held, Strategy’s holding gives it the highest weight in the Bitwise Standard Corporations Index at 22.64%. MARA and Riot weightings of 10.67% and 10.04%, respectively, are barely 50% of that of the Michael Saylor-led business intelligence and software company.
New entrants to the Bitwise Bitcoin Standard Corporations Index!
The Bitwise Bitcoin Standard Corporations ETF $OWNB seeks to track an index of companies like $MSTR, $MARA, and $TSLA that hold more than 1000 BTC as a treasury asset. That index was just reconstituted.
The… pic.twitter.com/cFXPf7EpLR
— Bitwise (@BitwiseInvest) March 25, 2025
Japanese financial leader Metaplanet ranked fourth largest holding, weighing 5%. Meanwhile, the firm’s collective Bitcoin holding represents 3.2% of the total supply of Bitcoin in the crypto market.
Market and the Crypto ETF Pursuit
The broader crypto industry has recently seen a wave of ETFs, especially given the pro-crypto stance of the President Donald Trump administration.
Bitwise is amongst the asset managers who consistently filed S-1 registration for some crypto-based ETFs. In the first week of March, the firm submitted an S-1 filing with the U.S. Securities and Exchange Commission (SEC) for a new ETF focused on Aptos (APT).
Similarly, CBOE recently filed an S-1 registration statement on behalf of Fidelity Investments to list Solana ETF. The US SEC has acknowledged some of the filings for crypto ETFs in the past. This suggests a possible tilt toward approval.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Bitdeer Technologies Group (BTDR), a leader in blockchain and high-performance computing technology, has announced a detailed R&D roadmap for its SEALMINER Bitcoin mining machines. This move underscores the company’s commitment to increasing transparency within the mining industry.
Bitcoin Mining Chip Technology Roadmap
Bitdeer’s R&D roadmap for SEALMINER includes significant milestones planned for release over the next two years. Furthermore, it is focusing on improving energy efficiency with each new chip iteration.
SEAL01: The first chip in the series, SEAL01, boasts an energy efficiency of 18.1J/TH. Announced in March 2024, SEAL01 has been integrated into the SEALMINER A1 mining machine, which is expected to have a wall-mount power consumption between 20J/TH and 23J/TH. Mass production and delivery of the SEALMINER A1 are anticipated to begin in Q3 2024.
SEAL02: Set for release in Q3 2024, the SEAL02 chip is expected to achieve an energy efficiency of 14J/TH. Moreover, the corresponding SEALMINER machine aims for a wall-mount power consumption between 15J/TH and 16.5J/TH. Production and delivery are planned for Q4 2024.
SEAL03: The SEAL03 chip, scheduled for Q4 2024, aims to further reduce energy efficiency to 10J/TH. In addition, the optimized wall-mount power consumption for its mining machine is expected to range from 11J/TH to 12J/TH, with mass production and delivery targeted for Q2 2025.
SEAL04: The fourth chip, SEAL04, planned for Q2 2025, aspires to break through to an energy efficiency of 5J/TH. The wall-mount power consumption of its mining machine is expected to be between 5.5J/TH and 6J/TH. Mass production and delivery are anticipated to start in Q4 2025.
Enhancing Industry Transparency
In the rapidly changing Bitcoin mining market, two transparency factors are crucial. Miners need clear expectations regarding future technological advancements and delivery schedules of mining machines. Additionally, access to detailed data analytics on mining machine performance, inventory, and purchasing behaviors is essential.
Linghui Kong, Chief Business Officer of Bitdeer, emphasized that without addressing these transparency issues, miners could face significant financial risks due to price uncertainties. Moreover, he added, “Thus, we are pleased to narrow this information gap by disclosing our R&D technology roadmap for SEALMINER.”
By disclosing this detailed R&D roadmap, Bitdeer aims to close the information gap that often plagues the mining community. The company believes that transparency in technological advancements and delivery schedules can help miners better plan their investments and reduce financial risks.
In addition, Bitdeer’s commitment to research and development is evident in its dedicated team of engineers specializing in ASIC design, algorithm development, platform architecture, and both software and hardware engineering. The company plans to continue investing in R&D to maintain its competitive edge. The move will ensure that its products remain efficient, sustainable, and reliable.
Moreover, the Bitcoin mining company remains dedicated to working alongside its customers. Furthermore, they significantly contribute to the security and stability of the decentralized Bitcoin network. By providing clear information on their technological advancements and maintaining open communication with their clients, Bitdeer aims to foster a more secure and transparent mining industry.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
As per the sources familiar with the matter, popular crypto-miner Bitdeer Technologies is looking to raise over $100 million from private credit firms as part of its expansion plans. This development comes three weeks ahead of the upcoming Bitcoin halving which would be a game-changing event for the miners.
Bitdeer to Ramp Up Bitcoin Mining Capacity
As per the latest reports, Bitdeer is currently in talks with its financial advisor to secure funding for expanding its Bitcoin mining activity. The source familiar with the matter said that the Bitcoin miner is likely to undertake several other initiatives amid this funding raise.
However, the anonymous sources added that the details of these financial arrangements are likely to change amid the ongoing conversations.
Amid Bitcoin’s 64% surge already so far in 2024, several crypto firms are actively seeking fresh capital to fuel their growth plans. The current rally in the Bitcoin price comes on the backdrop of the strong demand for Bitcoin exchange-traded funds (ETFs). Several traditional asset managers have joined the bandwagon with the expectation of attracting interest from the broader investor base.
Top players like MicroStrategy and Coinbase have already started issuing their convertible notes. On the other hand, Bitcoin miners have been exploring other options in the equity market.
Crypto miner Bitdeer is undergoing some key changes at the management level. Earlier this month, the Bitcoin miner named Jihan Wu as the company’s new chief executive officer.
Deploying Sealminer A1 Rigs
Bitdeer (Nasdaq: BTDR) made waves in early March while introducing its in-house Bitcoin mining processor, the SEAL01, which boasts a state-of-the-art 4-nanometer (nm) manufacturing process. The publicly traded mining company revealed on Tuesday its plans to bolster its hash rate by 3.4 EH/s this year, leveraging its newly developed Sealminer A1 units. It noted:
“The company intends to install its own recently announced SEALMINER A1 miners at its mining datacenters in Rockdale, Texas in the United States; and, Norway in Q3 and Q4 2024 to accomplish this initial 3.4 EH/s expansion. Bitdeer will add approximately 4.8 EH/s of [hashrate] and retire 1.4 EH/s of older mining rigs. This expansion is expected to grow the total proprietary [hashrate] from 8.4 EH/s to approximately 11.8 EH/s.”
By 2025, Bitdeer expects a surge of 30 to 40 EH/s in its mining operations. Furthermore, the Bitcoin miner will also be replacing its 7 EH/s older mining rigs with more advanced models. With this, Bitdeer will be able to add 23 EH/s of hashrate to its existing Bitcoin mining facility and data centers.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Bhutan, a small country nestled in the Himalayas, has been exploring the potential of cryptocurrency mining as a means of generating revenue and boosting its economy. In order to do so, Bhutan’s government has announced plans to establish a fund worth $500 million that will be used to finance crypto-mining projects and related infrastructure.
Interestingly this move has been welcomed by many within the crypto community, who sees Bhutan’s embrace of mining as a way to help legitimize the industry and promote its adoption on a broader scale, of which Jihan Wu’s Bitdeer, a leading provider of cloud-based cryptocurrency mining services happens to be among.
The Bhutan and Bitdeer Alliance
Bitdeer, known for its landmark engagements in the crypto mining space has reportedly been in talks with Bhutanese officials about collaborating on various mining projects as its involvement in the new fund could help to bring even more attention and investment to the sector.
Meanwhile, the Singapore-based company will serve as the overall partner of the fund while Druk Holding & Investments (DHI), the commercial arm of Bhutan’s government will act as a strategic partner. The fundraising is expected to commence by the end of this month, according to both entities.
Additionally, the fund raised will be channeled toward greenfield operations in Bhutan. Likewise, the partnership will create job opportunities for individuals based in the country, jobs ranging from engineering to project management, as well as supervisory opportunities.
Overall, the creation of a $500 million crypto mining fund in Bhutan represents a significant development for both the country and the wider cryptocurrency industry.
While there are certain risks and challenges associated with this endeavor, the potential rewards could be substantial for those involved. As the sector continues to evolve and mature, it will be interesting to see how Bhutan and other nations navigate the opportunities and complexities of crypto mining.
Crypto Miners face Operational Difficulties
There are also concerns about the environmental impact of crypto mining, particularly in a country like Bhutan that relies heavily on hydropower for its energy needs.
A lot of factors including increased energy costs, fall in market prices, and high mining difficulty has contributed to making the crypto sub-sector increasingly less profitable. Hence a number of players in the mining industry have had to trade off a part of their Bitcoin (BTC) holdings to repay debts and fund operations.
Due to factors that have plagued the industry and affected profitability, Core Scientific was forced to file for Chapter 11 bankruptcy protection last year. Though the industry is normalizing, firms are still watchful for headwinds ahead.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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