BIT Mining and Chain Reaction to Develop 'Next-Generation Systems for Bitcoin Mining'
"BIT Mining and Chain Reaction are poised to leverage their expertise and knowledge to develop and create a new generation of hardware that will deliver industry leading performance with relatively low power consumption."
BIT Mining Limited, a Hong Kong-based bitcoin mining company has entered into a collaboration with Chain Reaction, a semiconductor company focused on disruptive blockchain and privacy hardware, to produce next-generation systems for bitcoin mining.
"The systems, expected to launch later this year, will be based on Chain Reaction's EL3CTRUM ASIC solution."
"Their recently launched EL3CTRUM ASIC is a groundbreaking blockchain chip that serves as the foundation for sustainable, high-performance blockchain technologies."
"Chain Reaction's bleeding-edge ASICs will enable BIT Mining to build next-gen systems to advance the Bitcoin mining industry towards faster, more power efficient computing," said Alon Webman, CEO of Chain Reaction.