Shares of Bitdeer Technologies Group climbed 9% after the company unveiled its new SEALMINER DL1 Air, a Scrypt-based mining machine built to efficiently mine cryptocurrencies, including Litecoin and Dogecoin. The launch signals Bitdeer’s renewed push into the Scrypt mining ecosystem with hardware aimed at industrial-scale operations.
Bitdeer Stock Climbs as Company Reenters Scrypt Mining
Bitdeer Technologies Group saw its shares jump roughly 9% on Monday, March 16, buoyed by investor enthusiasm following the debut of its SEALMINER DL1 Air, a new mining machine designed specifically for Scrypt-based cryptocurrencies.
The NASDAQ-listed company said the new miner delivers 25 GH/s of hashrate, 149 J/GH energy efficiency, and consumes roughly 3725 watts under standard operating conditions. The hardware targets large-scale mining operations seeking reliable long-term performance rather than short bursts of processing power.
The DL1 Air marks Bitdeer’s return to the Scrypt mining segment, enabling miners to process networks including Litecoin, Dogecoin, Bellscoin, Junkcoin, Luckycoin and Pepecoin.
Industry watchers say the launch comes at a time when institutional mining firms are increasingly focused on operational efficiency and predictable hardware performance, particularly as energy costs remain volatile across major mining regions.
Built for Industrial-Scale Mining
Bitdeer designed the machine with multiple operating modes, allowing operators to balance performance and electricity consumption.
A proprietary Low Power Mode can reduce energy usage, delivering up to 20.5 GH/s while improving efficiency to 136 J/GH. Standard and high- hashrate modes are also available, allowing operators to adjust performance based on infrastructure and power pricing.
The system is engineered to operate in temperatures ranging from –20°C to 50°C, with humidity tolerance between 10% and 90%, and support for installations up to 2,000 meters above sea level, a key requirement for globally distributed mining facilities.
The DL1 Air continues the company’s established SEALMINER air-cooling architecture, a design already deployed across multiple mining farms worldwide. With compact dimensions and a weight of 15.5 kg, the unit is intended to integrate easily into existing infrastructure.
Market Reaction
The market responded swiftly. Shares of Bitdeer rose nearly 10% intraday, reflecting investor optimism that the new hardware could strengthen the company’s position in the competitive mining-equipment market.
Analysts say the move underscores Bitdeer’s strategy to diversify beyond its core bitcoin mining infrastructure while tapping into renewed demand for Scrypt mining hardware.
Notably, the firm continues to mine and sell its current bitcoin output, with its March 14 update recording a sale of 158.8 mined BTC
If adoption follows early market enthusiasm, the DL1 Air could position Bitdeer as a serious contender in the next generation of Scrypt mining technology.
FAQ ⏱️
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What happened with Bitdeer?
Bitdeer’s stock surged about 9% after the company launched a new high-efficiency miner designed for Litecoin and Dogecoin networks. -
What cryptocurrencies can the new miner process?
The SEALMINER DL1 Air supports several Scrypt coins, including Litecoin, Dogecoin, Bellscoin, Junkcoin, Luckycoin, and Pepecoin. -
Where can the miner operate globally?
The hardware is designed for global deployment, operating between –20°C and 50°C, tolerating 10–90% humidity, and functioning at altitudes up to 2,000 meters. -
Why does this matter for crypto mining markets?
New energy-efficient hardware can significantly reduce operational costs for mining farms, potentially boosting profitability and increasing participation in Scrypt-based blockchain networks.