BIT Mining Limited has teamed up with semiconductor company Chain Reaction to create cutting-edge bitcoin mining systems in their latest collaboration. The partnership aims to use Chain Reaction’s EL3CTRUM ASIC solution to develop hardware that delivers top-notch performance with low power consumption, according to a press release. Chain Reaction specializes in designing hardware for blockchain, privacy, high-performance computing (HPC), and the cloud. The company’s team of experts in analog and circuit design has successfully produced 30 ASIC tapeouts for high-volume manufacturing. The EL3CTRUM ASIC, which was recently launched by Chain Reaction, is described as a “groundbreaking blockchain chip that serves as the foundation for sustainable, high-performance blockchain technologies.”
Alon Webman, CEO of Chain Reaction, explained that the partnership hopes to yield bleeding-edge ASICs that enable BIT Mining to build next-gen systems to advance the Bitcoin mining industry towards faster, more power-efficient computing. Xianfeng Yang, CEO of BIT Mining, reiterated that the collaboration would leverage their individual strengths to provide the mining community with systems that enhance long-term benefits and capabilities. With the crypto mining industry continuing to evolve, BIT Mining aims to develop systems that are more efficient, accessible, and sustainable.
The systems developed through this collaboration are expected to launch later this year.