BIT Mining to Collaborate with Chain Reaction for Bitcoin Hashing Systems
Cryptocurrency mining company, BIT Mining (NYSE: BTCM) will collaborate with Chain Reaction to produce next-generation systems for bitcoin mining.
The new-generation hardware will deliver industry leading performance with relatively low power consumption and is expected to launch in the second half of 2023.
Highlights
BIT Mining is the market leader in next generation architecture and mass production of high-performance, low power systems for the cryptocurrency mining industry.
Chain Reaction is a semiconductor company focused on disruptive blockchain and privacy hardware, to produce next-generation systems for bitcoin mining.
Chain Reaction’s recently launched EL3CTRUM ASIC is a groundbreaking blockchain chip that serves as the foundation for sustainable, high-performance blockchain technologies.
BIT Mining stated that the collaboration would allow each company to leverage its individual strengths to provide the mining community systems that enhance long-term benefits and capabilities.
About BIT Mining
BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool, data center operation and mining machine manufacturing. The Company owns the world’s top blockchain browser BTC.com and the comprehensive mining pool business operated under BTC.com, providing multi-currency mining services including BTC, ETC and LTC. The Company also owns a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing, enabling the Company’s self-efficiency through vertical integration with its supply chain.
