Bit Mining and Chain Reaction partner to create new bitcoin mining system

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BIT Mining Limited has announced a collaboration with semiconductor company Chain Reaction to develop next-generation systems for bitcoin mining. according to a Press releaseThe collaboration aims to take advantage of the chain reaction’sEL3CTRUM ASIC‘ solution to build hardware that delivers industry-leading performance with low power consumption.

The press release states that Chain Reaction specializes in designing hardware for blockchain, privacy, high-performance computing (HPC), and the cloud. With a team experienced in analog and circuit design, the company has successfully produced over 30 ASIC tapouts for high volume manufacturing. The recently launched EL3CTRUM ASIC has been described by Chain Reaction as a “groundbreaking blockchain chip that serves as the foundation for sustainable, high-performance blockchain technologies.”

Chain Reaction CEO Alon Webman explained what to expect from the partnership, saying that “Chain Reaction’s bleeding-edge ASIC BIT mining will be the next generation of systems to propel the bitcoin mining industry toward faster, more power efficient computing.” Will enable to make.”

“We believe that through this collaboration, we can leverage our individual strengths to provide a mining community system that maximizes long-term profits and efficiencies,” reiterated Xianfeng Yang, CEO of BIT Mining. “As the crypto mining industry evolves, BIT Mining seeks to develop systems that are more efficient, accessible and sustainable.”

The systems developed through this collaboration are expected to be launched later this year.