Mining News in September: Putin Declares Russia a Bitcoin Mining Leader, Tokyo Electric Power Gets Into Bitcoin Mining, Canaan Issues Preferred Shares , sponsored by Bitdeer
Title sponsored by Bitdeer, a NASDAQ-listed mining company. 1. On September 26, 2024, Bitdeer announced the successful testing of its latest Bitcoin mining chip, SEAL02, following tape-out. SEAL02 uses one of the most advanced process nodes in partnership with TSMC. An exceptional power efficiency ratio of 13.5 J/TH — while running at low voltage, ultra power-saving mode — was indicated in SEAL02 chip’s verification. SEAL02 will be integrated into the Company’s upcoming SEALMINER A2 mining machines, with mass production scheduled to commence in November 2024. Development of SEAL03 is ongoing and the Company’s product release milestone is on track. Read more 2. In an interview with analysts at research and brokerage firm Bernstein, Core Scientific CEO Adam Sullivan said the Bitcoin miner can grow “exponentially” over the next few years via its AI data center services. However, that depends on whether or not the firm can demonstrate the ability to deliver gigawatt scale AI data centers b...