Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production

Bitdeer, a publicly-listed mining corporation, has announced its partnership with chip giant Taiwan Semiconductor Manufacturing Company (TSMC) for the production of its mining rigs. This move comes as Bitdeer aims to enhance its mining operations ahead of Bitcoin’s upcoming halving event. Bitdeer has already extracted 294 bitcoins in March, representing a significant increase from the previous year. The company expects to generate around $60 million from the production of its Sealminer A1 mining equipment. TSMC, known for its expertise in chip manufacturing, will play a crucial role in developing Bitdeer’s proprietary mining processor, the SEAL01. This collaboration aligns with Bitdeer’s strategy of staying at the forefront of the rapidly evolving semiconductor sector. As the Bitcoin mining industry gears up for the halving event, companies like Bitdeer are proactively investing in next-generation ASICs to maximize their profits.