I had no idea they were based in Singapore

Singapore-based Bitdeer (Nasdaq: BTDR) announced that it has successfully tested its SEAL03 Bitcoin mining ASIC chip, achieving a power efficiency of 9.7 joules per terahash (J/TH).

In a press release on Monday, Bitdeer stated that the performance trials followed the chip’s tape-out last November and confirmed that its efficiency aligns with the target of 10 J/TH.