BIT Mining Restricted has announced a collaboration with semiconductor firm Chain Reaction to receive subsequent-generation programs for bitcoin mining. In accordance with a press release, the collaboration goals to leverage Chain Reaction’s ‘EL3CTRUM ASIC’ formulation to get hardware that delivers substitute-main efficiency with low energy consumption.
The press release states that Chain Reaction focuses on designing hardware for blockchain, privacy, excessive-efficiency computing (HPC) and the cloud. With a crew experienced in analog and circuit get, the firm has successfully produced 30 ASIC tapeouts for excessive-volume manufacturing. The nowadays launched EL3CTRUM ASIC by Chain Reaction is described as a “groundbreaking blockchain chip that serves as the root for sustainable, excessive-efficiency blockchain applied sciences.”
Alon Webman, CEO of Chain Reaction, outlined what the partnership hopes to yield, announcing that “Chain Reaction’s bleeding-edge ASICs will enable BIT Mining to form subsequent-gen programs to advance the Bitcoin mining substitute in direction of quicker, more energy ambiance pleasant computing.”
“We think through this collaboration we can leverage our individual strengths to give the mining community programs that enhance prolonged-interval of time benefits and capabilities,” Xianfeng Yang, CEO of BIT Mining reiterated. “With the crypto mining substitute persevering with to conform, BIT Mining looks to be to receive programs which are more ambiance pleasant, accessible, and sustainable.”
The programs developed through this collaboration are expected to originate later this One year.
