Bitcoin Mining Stock Bitdeer Technologies Is Rising Thursday: What's Going On?
Portfolio Pulse from Adam Eckert
Bitdeer Technologies Group (NASDAQ:BTDR) shares are rising after the company announced successful testing of its new Bitcoin mining chip, SEAL02, developed with Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM). The chip demonstrated exceptional power efficiency, and mass production is set for November.
September 26, 2024 | 1:25 pm
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Bitdeer Technologies' shares are up following the successful testing of its new Bitcoin mining chip, SEAL02. The chip, developed with TSM, showed exceptional power efficiency, and mass production is planned for November.
The successful testing of the SEAL02 chip and its upcoming mass production are positive developments for Bitdeer, likely boosting investor confidence and driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Taiwan Semiconductor Manufacturing Company (TSM) is involved in the development of Bitdeer's new SEAL02 mining chip, which has shown exceptional power efficiency.
TSM's involvement in the development of a successful and efficient mining chip could enhance its reputation as a leading semiconductor manufacturer, potentially having a positive impact on its stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50