Bitdeer, another company of Jihan Wu, who was also one of the founders of mining product manufacturer Bitmain but left the company in 2021, announced that it has produced an energy-saving and at the same time more powerful chip.

Jihan Wu, who is both one of the founders and CEO of Bitdeer, announced the mining chip they produced and named SEAL01, as well as the mining device called SEALMINER A1:

“With the successful testing of our new mining chip, I am very excited to formally announce the introduction of both the SEAL01 chip and the SEALMINER A1 as core to our new mining machines business. These products showcase our technology excellence and position us well for the future.”

The SEAL01 chip, which is designed to increase Bitcoin mining performance while minimising power consumption, also aims to reduce operating costs for miners.

In the statement of Bitdeer company, it was stated that the difficulties of Bitcoin miners are known and the new chip and new product are produced to solve many problems.

This announcement did not bring a gain in the shares of the Bitdeer company listed on the Nasdaq stock exchange.