00:00Bitdeer Technologies Group, trading on the Nasdaq under ticker BTDR, has made a groundbreaking
00:07announcement unveiling their first-generation Bitcoin mining chip, the CL01. This marks
00:12a significant leap forward for the company as it strives to become the first fully integrated
00:16Bitcoin miner.
00:17Bitdeer's CEO Jihan Wu emphasized the chip's role in enhancing the company's mining capabilities
00:22and aligning with the future demands of Bitcoin mining. Mr. Wu was the co-founder of Bitmain,
00:27the world's largest manufacturer of chips and hardware used in Bitcoin mining.
00:31The CL01 chip is the result of Bitdeer's collaboration with a leading semiconductor
00:36foundry utilizing cutting-edge 4nm process technology. Bitdeer's vertical integration
00:41strategy aims to streamline the entire mining process, from chip manufacturing to data center
00:46operations.
00:47Unlike competitors reliant on third-party equipment, Bitdeer's integration efforts
00:51promise a more efficient and resilient mining process. This strategic pivot toward self-sufficiency
00:56sets Bitdeer apart from its competitors and positions it favorably after the Bitcoin halving.
01:02With the introduction of the CL01 chip and its shift toward vertical integration, Bitdeer
01:06is poised for substantial growth in efficiency and profitability. Bitdeer's innovative approach
01:11could redefine the industry landscape, inspiring others to prioritize in-house technology development
01:17for greater efficiency and resilience in the face of future challenges.
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