Bitmain announces completion of testing of latest SEAL03 Bitcoin mining chip

Bitmain Technology Group, a blockchain and high-performance computing technology company (NASDAQ stock code: BTDR) (hereinafter referred to as "Bitmain" or "the Company") announced today that its latest Bitcoin mining chip SEAL03 has successfully passed testing after tape-out.

The verification and prototype testing of the SEAL03 chip show that it can achieve an energy efficiency ratio as high as 9.7J/TH when running in low voltage, ultra-low power mode, meeting the performance goals specified in the SEALMINER technology roadmap. SEAL03 is produced in collaboration with the world's leading semiconductor foundry, TSMC, using one of the most advanced process nodes.