How Bitdeer is Transforming Bitcoin Mining Hardware

How Bitdeer is Transforming Bitcoin Mining Hardware

The Singapore-based mining company has ambitious plans to modernize ASIC miners through innovative design and a greater commitment to transparency.

Tom Carreras | Edited by Benjamin Schiller Updated Mar 14, 2025 16:40 UTC Published Mar 14, 2025 15:09 UTC

Key points:

• Bitdeer increases ASIC production capacity.
• The company is developing a completely new SEALMINER A4 chip architecture, which is expected to have an energy efficiency of 5 J/TH.
• Bitdeer aims to improve transparency in the ASIC manufacturing industry.

Application-specific integrated circuits (ASICs) form the backbone of the Bitcoin (BTC) mining market. These machines are designed to perform one task: solve Bitcoin's SHA-256 algorithm as quickly as possible to earn block rewards.

They do a great job. One of the most popular ASICs is the Antminer S19, which can perform 82 trillion calculations per second — 820 times more than the number of stars in the Milky Way. The $30 billion ASIC market is dominated by Bitmain, which produces about 80% of Bitcoin’s hashrate, according to TheMinerMag.

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However, Singapore-based Bitcoin mining company Bitdeer (BTDR) plans to change that by releasing a new ASIC chip architecture. The company claims that these new chips can provide significant efficiency gains while improving the transparency of the ASIC manufacturing process.

“The two main players [Bitmain and MicroBT] are private companies and they are very private,” Jeff Laberge, head of capital markets and strategic initiatives at Bitdeer, told CoinDesk. “They don’t interact with the media or provide any information about their R&D, which makes it difficult for end consumers to plan.”

“We want our customers to understand where we are in our manufacturing process, what our plans are for new chip development, and where we are in our manufacturing cycles,” LaBerge added.

Shannon Squires, lead miner at bitcoin hosting company Compass Mining, told CoinDesk that increased transparency in ASIC production will help miners plan for new hardware shipments and make it easier to predict bitcoin difficulty. “Bitdeer’s commitment to transparency fits in well with the mining industry,” he said.

“While Canaan discloses its annual sales volume for various mining models, Bitdeer takes it a step further by providing more frequent supply volume updates,” Wolfie Zhao, head of research at TheMinerMag, told CoinDesk. “While both are small players in the hardware market, their efforts demonstrate good faith in promoting transparency. Hopefully, this will encourage larger market participants to take notice.”

In Search of Efficiency

ASIC chips have largely used the same design since 2014. Over the past decade, the biggest advances in ASIC power efficiency have occurred at the foundry level, as the world's leading chip maker TSMC has improved its manufacturing processes. While miners have also implemented changes to the chip design, such modifications have only gradually

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