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Bitdeer Stock Rises After SEALMINER Launch for DOGE, LTC Mining

Bitdeer Stock Rises After SEALMINER Launch for DOGE, LTC Mining

2026-03-17

Bitdeer Stock Rises After SEALMINER Launch for DOGE, LTC Mining

Bitdeer, a Bitcoin mining chip manufacturer, has released a new mining rig intended for Litecoin and Dogecoin networks. The firm stated that the new mining rig is designed for the Scrypt algorithm used in both blockchains. This is an addition to Bitdeer’s hardware offerings, which were previously limited to Bitcoin mining rigs.

The firm made the announcement on Monday. The new mining rig is named SEALMINER DL1 Air. The new mining rig is intended for miners who use Scrypt-based proof-of-work consensus algorithms.

According to Bitdeer, the new mining rig has a hashrate of 25 gigahashes per second (GH/s). The new mining rig also consumes 149 joules per gigahash (J/GH).

The device is based on the company’s SEALMINER Air Cooling structure. The cooling technology is already implemented in the company’s existing hardware products. The design is capable of supporting mining.

SEALMINER DL1 Air Supports Multi-Coin Scrypt Mining

The SEALMINER DL1 Air is compatible with multiple Scrypt-based cryptocurrencies. These include Bellscoin (BELLS), Junkcoin (JKC), Luckycoin (LKY), and Pepecoin (PEP). The compatibility with multiple networks increases the possibilities of mining.

The Scrypt mining computers are also capable of supporting merged mining. This is a process that enables miners to mine more than one blockchain simultaneously. Litecoin miners are also capable of receiving Dogecoin rewards.

Merged mining is made possible by a parent-child chain validation system. As Litecoin blocks are mined, it is possible to validate the auxiliary chains. This makes it possible to receive Dogecoin rewards without any additional cost of operation.

As previously reported by Bitdeer, Bitcoin-oriented mining rigs are not capable of mining Scrypt-based networks. Bitcoin mining rigs use the SHA-256 algorithm. Litecoin and Dogecoin use the Scrypt algorithm.

Also Read: Bitdeer Empties Bitcoin Treasury, Reduces Holdings to 0

As the two algorithms are different, SHA-256 rigs are not capable of efficient operation on Scrypt-based networks. The problem has been solved by the new mining rig. The SEALMINER DL1 Air is designed for Scrypt-based operations.

Bitdeer Expands Hardware and Infrastructure Strategy

Bitdeer was founded in 2020 by ex-Bitmain executive Jihan Wu. The company started by providing cloud mining solutions. It later started working on its own ASIC mining rigs.

The company launched the SEALMINER series in this new line. Developing its own chips means the company does not rely on third-party suppliers. It also gives the company more control over its products.

Bitdeer has also announced the expansion of its infrastructure business. The company recently announced that it will raise $300 million in convertible senior notes.

Investment will also go into high-performance computing and AI infrastructure. Several mining companies are interested in these areas. The demand for computing power has risen.

The company also zeroed its Bitcoin assets last month. This move was connected to the company’s financing activities. CEO Jihan Wu stated that the company intends to rebuild its Bitcoin treasury in the future.

Source: X

Bitdeer’s total hash rate managed in the final month of 2025 was 71 exahashes per second (EH/s). This includes 55.2 EH/s from the company’s self-mining activities and hosted rigs. 

The company is also facing a securities class-action lawsuit in the Southern District of New York concerning its SEAL04 chip timeline.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: South Korea Crypto Trading Jumps, XRP Dominates as 14 Altcoins Climb

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