Nasdaq-listed bitcoin miner Bitdeer has outlined a new expansion plan centered on its proprietary Sealminer A1 mining machines. The company said the rigs will be installed at its mining datacenters in Rockdale, Texas, and in Norway during Q3 and Q4 of 2024, supporting an additional 3.4 EH/s of net hashrate this year.
New machines to lift capacity while older rigs are phased out
According to Bitdeer, the rollout involves both capacity additions and equipment replacement. The company expects to add around 4.8 EH/s of hashrate from the new machines while retiring roughly 1.4 EH/s of older rigs. As a result, its total proprietary hashrate is projected to rise from 8.4 EH/s to about 11.8 EH/s. The announcement builds on Bitdeer’s earlier unveiling of its in-house mining processor, SEAL01, introduced in early March and manufactured using a 4-nanometer process.
Halving pressure is accelerating the push for efficiency
Bitdeer’s latest move comes as the bitcoin mining sector prepares for the fourth halving, an event that typically raises pressure on margins across the industry. In response, miners have been racing to upgrade fleets, expand infrastructure, and relocate older equipment to regions with lower electricity costs. In that context, Bitdeer’s strategy appears focused on strengthening operational efficiency and gaining more control over hardware supply and performance.
The use of company-designed miners also signals a broader vertical integration effort. By pairing self-developed chips with deployments across its own facilities, Bitdeer is positioning itself to manage both production efficiency and long-term expansion more directly.
Longer-term goal: managed hashrate above 46 EH/s
Beyond the 2024 deployment plan, Bitdeer said it sees the potential to increase its mining operations by 30 to 40 EH/s by 2025, while replacing about 7 EH/s of aging mining rigs with more advanced models. The company said this roadmap could generate an additional 23 EH/s of net hashrate across existing and in-development datacenters. If executed as planned, Bitdeer expects its cumulative managed hashrate to exceed 46 EH/s by the end of 2025.
Overall, the announcement highlights Bitdeer’s ambition to evolve from a large-scale mining operator into a more vertically integrated mining company. Whether it can deliver on its deployment schedule and hit its hashrate milestones will likely remain a key point of focus for the market.