New Bitdeer SEALMINER targets Litecoin and Dogecoin merged mining

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Highlights

Bitdeer shares rise 8% after unveiling new SEALMINER DL1 Air miner
New Scrypt ASIC mines Litecoin and Dogecoin simultaneously via merged mining
Bitdeer expands proprietary hardware strategy amid data center and AI growth

New Scrypt ASIC

According to Monday’s announcement, the new Scrypt ASIC will deliver a hashrate of 25 GH/s with energy efficiency of 149 J/GH, while inheriting the existing SEALMINER air-cooling architecture.

Bitdeer stock 4-hour chart. Source: TradingView

Support for the Scrypt algorithm means the machine can mine networks such as Litecoin and Dogecoin, as well as smaller Scrypt-based cryptocurrencies including Bellscoin, Junkcoin, Luckycoin and Pepecoin. However, it cannot be used to mine Bitcoin or Ethereum.

One of the key advantages of the Scrypt algorithm is the ability to mine two or even three cryptocurrencies simultaneously through merged mining, a feature that is increasingly attracting mining operators.

Bitdeer, founded in 2020 by former Bitmain executive Jihan Wu, initially focused on cloud mining but later moved toward developing its own application-specific integrated circuits (ASICs) with its SEALMINER series in order to reduce dependence on third-party hardware manufacturers.

The release of the new SEALMINER comes as the company continues expanding its computing capacity while also working to rebuild its bitcoin treasury.

In December 2025, Bitdeer reported a “total hashrate under management” of 71 exahashes per second (EH/s), including 55.2 EH/s of proprietary self-mining capacity along with hosted mining rigs.

The company has also announced plans to raise $300 million to fund the expansion of its data centers and the development of high-performance computing infrastructure for artificial intelligence. To support these initiatives, Bitdeer had to spend part of its bitcoin reserves, and CEO Jihan Wu stated last month that the company intends to rebuild its BTC holdings.

Merged mining gains popularity

The expansion of Scrypt-based hardware reflects a broader trend in the mining industry, where companies are increasingly seeking to diversify revenue streams beyond a single blockchain.

After the latest Bitcoin halving reduced mining profitability, some operators began exploring alternative algorithms such as Scrypt, which enables simultaneous rewards from multiple cryptocurrencies through merged mining. This capability makes such machines particularly attractive for mid-sized and large mining farms looking to stabilize revenue amid market volatility.

At the same time, developing proprietary hardware allows Bitdeer to gradually reduce its reliance on external ASIC suppliers while strengthening vertical integration across its business — from chip design and hardware manufacturing to operating data centers and proprietary mining infrastructure.

Analysts note that if Bitdeer successfully scales production of the SEALMINER series, the company could eventually compete not only in cloud mining services but also in the global mining hardware market, which has historically been dominated by a small number of major manufacturers.

As we wrote, Bitdeer dumps corporate Bitcoin, targets AI expansion

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