Bitdeer disclosed in its January 2026 operations update that it had successfully tested its first Litecoin and Dogecoin miner, the SEALMINER-DL1, with performance that "exceeded expectations," marking the company's first move beyond Bitcoin-focused ASIC hardware.
The announcement, published on February 10, 2026, positioned the DL1 as part of a broader infrastructure and chip-development push. Bitdeer said the official SEALMINER-DL1 release was planned for the first quarter of 2026, meaning the product had cleared internal testing but had not yet reached commercial availability at the time of the update.
Matt Kong, speaking on behalf of Bitdeer, said: "We have successfully tested our first LTC/Doge miner, the DL1, and its performance exceeded expectations."
The distinction matters. The original headline framing suggested the miner had already debuted commercially and driven a 9% stock rally. The verified evidence supports a narrower story: Bitdeer completed a testing milestone and set a near-term launch window.
The DL1 was one piece of a much larger Bitdeer update
The LTC/DOGE miner news appeared alongside figures that suggest Bitdeer's core Bitcoin mining business scaled rapidly. The company reported self-mining hashrate of 63.2 EH/s and said it mined 668 BTC in January 2026, a roughly 430% increase year over year.
Blockspace reported that total proprietary hash rate deployed reached 65.1 EH/s, confirming the scale of Bitdeer's SEALMINER production ramp. The outlet also independently verified that Bitdeer had taped out its first ASIC chip for Dogecoin and Litecoin mining.
Bitdeer framed the DL1 as part of its wider ASIC and infrastructure expansion, not as a standalone product launch. The January update covered self-mining growth, chip production milestones, and AI infrastructure plans alongside the Scrypt miner development.
That broader context matters for investors. The 430% year-over-year jump in BTC production and the hashrate expansion represent a more concrete shift in Bitdeer's business trajectory than a single product still in pre-release testing. Companies in the mining hardware space, including those building large-scale treasury positions, have drawn attention for operational scale as much as for individual product lines.
The stock-jump claim lacks confirmed evidence
The headline attributed a 9% rise in Bitdeer shares (BTDR) directly to the miner debut. That connection could not be verified through the available evidence.
No primary market-data source or reliable contemporaneous report was found tying a 9% gain specifically to the miner news. One accessible historical-price source for BTDR actually showed a negative move on February 10, 2026, which conflicts with the headline framing.
This does not mean the stock did not move at some point around the update. It means the specific causal link between the DL1 announcement and a 9% rally was not confirmed by the research conducted. Stock movements on earnings or operations updates often reflect the full package of disclosed information, not a single line item.
What is confirmed: Bitdeer successfully tested a new LTC/DOGE miner called the SEALMINER-DL1, planned its release for Q1 2026, reported 668 BTC mined in January with roughly 430% year-over-year growth, and deployed over 63 EH/s of self-mining hashrate. The product milestone and the operational numbers are well-sourced. The stock-reaction narrative is not.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.