GMO to Unveil First Japan-Made BTC Miner

B2 proved to be the first miner, which uses 7-nm semiconductor chips, allowing it to gain performance and efficiency advantages over other devices on the market
05 June 2018   2385

Tokyo's technology company GMO Internet introduced the first bitcoin miner, fully developed in Japan, CCN reports.

B2 also proved to be the first miner, which uses 7-nm semiconductor chips, allowing it to gain performance and efficiency advantages over other devices on the market. Antminer S9 from Bitmain uses 16-nm chips, and DragonMint Halong Mining - 10-nm chips, which are produced by Samsung.

Yuji Nakamura Twitter
Yuji Nakamura Twitter

GMO considers the release of its own miner as the first step in the competition with Bitmain, which currently accounts for about 80% of ASIC-miners.

Although B2 development took place in Japan, the manufacture of 7-nm chips for new devices is conducted in Taiwan, probably by TSMC, which also supplies Bitmain chips.

B2 will cost $ 1,999, compared to $ 837 for S9, however, by its characteristics it significantly exceeds the flagship product of Bitmain. GMO reports that B2 can reach 24TH / s, versus 14TH / s in S9, with a power consumption of 1950 watts. GMO will begin accepting pre-orders for B2 on June 6, and the first devices will be delivered to the miners in October.

Media to Report on Canaan's IPO Date

According to a survey of institutional investors, the company's valuation is in the range of $ 2-3B
12 November 2019   104

Canaan Creative, a Chinese manufacturer of bitcoin mining equipment, will conduct an initial public offering on the leading NASDAQ stock exchange on November 20. This is reported by The Block, citing its own sources.

Bitmain rival filed an IPO on October 28 and expects to raise $ 400 million. Underwriters are Citi Group, Credit Suisse, Galaxy Digital and four other companies.

At the same time, it remains unknown at what price the company intends to place its shares.

Rumors that Canaan is considering an IPO in the United States appeared at the beginning of the year. This is the third attempt by the company to conduct an initial public offering - earlier Canaan unsuccessfully tried to conduct an IPO in Hong Kong and mainland China.

According to the submitted documents, last year the net profit of the manufacturer of miners Avalon amounted to $ 8.3 million with revenue of $ 394 million. However, in the second half of 2018, Canaan lost $ 16.7 million amid falling bitcoin prices.

According to a survey of institutional investors, the company's valuation is in the range of $ 2-3 billion.