Bitdeer is utilizing TSMC for producing
Bitcoin mining equipment worth $60 million.
According to the publicly listed mining company Bitdeer, they are using Taiwan
Semiconductor Manufacturing Company (TSMC) to manufacture their
- Sealminer A1 mining platforms during the third quarter.
- Bitdeer also disclosed that they mined 294 Bitcoins in March
- marking a 28.4% increase compared to March 2023 profits.
Before the upcoming Bitcoin halving event
Bitdeer uses TSMC for their custom mining chips.
Following Bitdeer's announcement
they showcased their internally developed Application-Specific Integrated Circuit
(ASIC) with TSMC for the unique mining processor SEAL01.
TSMC :
- established in 1987
- company globally and plays a crucial role in the semiconductor sector.
Bitdeer reported that as of March 31st :
they had "committed orders for chipsets" from TSMC
- anticipating that assembling these devices
- will generate approximately $60 million in
- revenue from Sealminer A1 mining equipment.
The company added that :
"this amount is subject to adjustment based on actual manufacturing expenses."
Previous disclosures from the company indicated that the electronic chip
for the Sealminer uses 4nm technology.
Linghui Kong :
Bitdeer's Chief Business Officer, commented:
"We mined 294 :
- Bitcoins in March in total
- representing a 2.4% increase
- from the previous month."
He further stated:
"As previously announced, our self-mining operations in our Jiedou data center
saw a decline in the first quarter due to seasonal electricity price increases.
However, we have secured a rate of approximately $0.0425 per kilowatt-hour
for Jiedou data center for the remainder of the year effective from April 1, 2024."
These updates come amidst a significant surge in ASIC purchases from Bitcoin
mining hardware manufacturers, including Canaan, Bitmain, and Microbt.
Additionally :
advancements continue to progress as Bitmain recently unveiled
a device featuring an efficiency of 15 joules per terahash (J/T).
Tens of thousands of ASICs have been provisioned in anticipation of the upcoming
fourth Bitcoin reward halving event, scheduled between April 18th and 20th, 2024
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