Samsung Electronics to Launch ASIC Mass Production

South Korean company Samsung Electronics started manufacturing ASIC hardware for cryptocurrency mining from January 2018
30 January 2018   1648

As the Korean media The Bell reports, Samsung Electronics has entered partnership with the Chinese mining hardware maker, and started the mass production of ASIC hardware for mining from January 2018.

Samsung Electronics company reported that the development of semiconductor ASIC was completed in the end of 2017.

We are in the middle of a foundry business that is being supplied to a virtual money mining company in China.

Samsung Electronics Statement

Priviously, Samsung Electronis has started the mass production of DRAM for graphic cards, which is suitable for digital money mining. The 16 Gb GDDR6 DRAM is twice as fast as conventional GDDR5 DRAM, and has low power desing, which improves power efficiency by more than 35% and can improve GPU performance for cryptocurrency mining.

TSMC is the Taiwan company which supplies semiconductor ASIC to major mining companies like Bitmain. TSMC and Samsung Electronics companies plan to maintain the ways of increasing revenue due to the increase in demand related to cryptocurrency turnover.

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.