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.
- Today's manic market swings are creating the perfect setup for Matt’s next volatility trade. Get his next trade alert for free, right here.
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.
Image: via Shutterstock
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