Bitdeer stock jumps as company unveils SEALMINER-DL1 Scrypt miner and reports 541% jump in Bitcoin output
Shares of Bitdeer Technologies Group (NASDAQ: BTDR) rose after the company released the SEALMINER‑DL1 “Air” miner targeting Litecoin and Dogecoin; media reports placed the stock move at about an 8.6% increase and roughly 9% in other coverage following the debut. Blockonomi reported the DL1 offers adaptable power settings and improved energy efficiency for Litecoin mining and expands enterprise‑level Scrypt capacity for Dogecoin operations [1] [2].
Bitdeer has taped out a new SEAL‑DL1 ASIC chip designed specifically for Scrypt (Litecoin/Dogecoin) mining and planned a miner launch in Q1 2026, though pricing, full specifications and commercial availability were not fully confirmed in initial reports. In a January 2026 operations update the company said testing of the SEALMINER‑DL1 “exceeded expectations,” signaling internal performance validation ahead of broader rollout [3] [4].
Separately, Bitdeer reported a sharp rise in Bitcoin production, mining 705 BTC in February — a 541% increase year‑over‑year — and noted expansion of its global footprint including a new Alberta, Canada site. Blockonomi also reported the company has raised more than $700 million through convertible debt and equity offerings to support technology development and capacity growth [5] [1].
The SEALMINER‑DL1 release coincided with the stock uptick and represents Bitdeer’s first commercial move into Scrypt ASIC hardware; however, observers note that key commercial details and broader availability remain to be confirmed by the company [1] [3] [4].
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Citations
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- 1Bitdeer (BTDR) Stock Climbs 8.6% Following SEALMINER DL1 Air Release for LTC and DOGE MiningBlockonomi• Mar 16, 2026
- 2Bitdeer Stock Jumps 9% as New LTC/DOGE Miner DebutsBitcoin.com News• Mar 16, 2026
- 3Bitdeer LTC/DOGE Miner: What the SEALMINER-DL1 Update Showsdefiliban.com• Mar 16, 2026
- 4Bitdeer Tests New LTC/DOGE Miner in January 2026 UpdateNFTenex• Mar 16, 2026
- 5Bitdeer’s Bitcoin Mining Production Rose 541% In FebruaryCryptoProwl.com• Mar 16, 2026
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