Singapore-headquartered bitcoin mining firm Bitdeer Technologies, founded by Jihan Wu, has “successfully tested” a self-designed bitcoin mining chip that will be used in its upcoming mining rig, the Sealminer A1, the company said.

The Nasdaq-listed firm announced on X on Monday that its first crypto mining chip, the SEAL01 was designed with the 4-nanometer process technology from a semiconductor fabricator. The chip could achieve a power efficiency ratio of 18.1 J/TH, the company claimed.

“This powerful chip offers enhanced Bitcoin mining performance with minimized power consumption, leading to lower operating costs and a reduced environmental footprint for miners,” Bitdeer said in the X post. The company did not disclose the launch timeline for its new mining rig.

Bitdeer added that …