Zinger Key Points
- Bitdeer completed testing of its mining chip, SEAL-03.
- EAL03 will be incorporated into Bitdeer's upcoming SEALMINER A3 series mining machines.
- Find out which stock just claimed the top spot in the new Benzinga Rankings. Updated daily— discover the market’s highest-rated stocks now.
Bitdeer Technologies Group BTDR shares are moving lower on Monday after the company completed testing of its Bitcoin BTC/USD mining chip, SEAL03.
What To Know: The mining chip achieved its performance goal with a power efficiency ratio of 9.7J/TH while running at low voltage in ultra power-saving mode as outlined in the SEALMINER technology roadmap.
Bitdeer shares may be trading lower despite the positive news, possibly due to a broader pullback in Bitcoin, which impacts demand for cryptocurrency mining services.
See Also: Target Gets Breathing Room As Trump Delays Tariffs, But Profit Concerns Remain
BTDR Price Action: At the time of writing, Bitdeer stock is trading 10.6% lower at $9.84, according to data from Benzinga Pro.
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