Japanese GMO Internet Designs 12 nm Mining Chip

GMO Internet is working on research and development of a 7 nm process technology for chips to be used in the mining process
24 January 2018   2066

The Japanese giant GMO Internet announced on Monday that it is currently developing cutting-edge 7 nm process technologies for chips to be used in the mining process.

According to the company, it succeeded in developing a new 12 nm FFC (Fin FET Compact) process based mining chip (12 nm FFC mining chip). The company currently working on research and development with partner who possesses semiconductor design technology to realize next-generation mining board, the company said.

GMO Internet is also completed validation of SHA256 logic circuit, an encryption algorithm used in Bitcoin and Bitcoin Cash.

Company announced that it will not sell mining boards equipped with 12 nm FFC process based mining chips and it will continue to work on research and development of a 7 nm process technology for chips to be used in the mining process.

GMO Internet also launched on Monday Z.com Cloud BlockChain, a PaaS  type blockchain platform that allows building decentralized Apps on Ethereum blockchain. The service has been in Beta since December 2016.

Bitmain IPO Application Deadline to Expire

According to the latest statement, team doesn't lose spirit and appointed new CEO
26 March 2019   87

The application of the Chinese mining company Bitmain to conduct an initial public offering (IPO) on the Hong Kong Stock Exchange (HKEx) expired yesterday, March 25. This is reported by the Cointelegraph.

The company filed an application six months ago, for which it provided financial statements to the HKEx committee. However, during this period, the hearing on the application did not take place.

To re-register an application to HKEx, the company will need to disclose financial statements for the third quarter of 2018.

Today, 26.03.19, Bitmain published a blog post, in which it reported in new CEO Haichao Wang appointment and share some plans.

Bitmain’s listing application to HKex in September 2018 has reached its 6-month expiration date. We do recognize that despite the huge potential of the cryptocurrency and blockchain industry, it remains a relatively young industry which is proving its value. We hope regulatory authorities, media, and the general public can be more inclusive to this young industry. We will restart the listing application work at an appropriate time in the future.

Bitmain Team

In November 2018, an application for an IPO from a mining company Canaan Creative was canceled.