THELOGICALINDIAN - The publiclylisted bitcoin mining rig architect Ebang has appear the achievement of a new 6nm ASIC mining dent Ebang believes the nextgeneration mining dent will accord the firms ASIC articles a aggressive bend in the aggressive bitcoin mining industry
Mass Production of 6nm Chips to Begin When Market Conditions Become Suitable
During the aftermost few weeks, Bitcoin’s hashrate has been aggressive to new heights as the arrangement broke 190 exahash per additional on March 22, 2021. The amount of bitcoin (BTC) has additionally helped actuate bitcoin mining profits, but bigger mining rig semiconductors accept additionally added the hashpower a abundant deal. Firms like Bitmain, Canaan, Microbt, and Ebang accept apparent massive demand in 2020 and into 2021. Most of these manufacturers are out of banal afterwards affairs accumulation quantities of ASIC miners to institutional buyers. On March 17, the China-based Ebang International Holdings Inc. (Nasdaq: EBON), announced the development of a new 6nm ASIC mining chip.
The accepted chips acclimated today in some of the top mining accessories are amid 12nm, 10nm, and 7nm. A 6nm dent would be an advance from today’s ASIC standards, and Ebang thinks the new artefact will bolster the company’s performance. When bazaar altitude become added suitable, Ebang said it will activate accumulation assembly of the 6nm chip. The Chairman and CEO of Ebang, Mr. Dong Hu, believes the development of the dent is a watershed moment for Ebang’s analysis and development (R&D) team.
“The achievement of our 6nm ASIC dent is a cogent anniversary of our connected R&D efforts in contempo years,” Mr. Dong Hu said during the announcement. “We accept adherent a lot of assets to architecture our R&D aggregation and artefact addition and iteration. Looking forward, we plan to abide developing ASIC chips advised for added boilerplate cryptocurrency machines, which we accept will access our acquirement in the agenda bill business and optimize our artefact alms anatomy forth the blockchain industry amount chain.”
Ebang Launches Invite-Only Beta Exchange, Stock Jumps 48% Since January 2024
The Hangzhou mining rig architect Ebang additionally launched the company’s invite-only beta cryptocurrency exchange. Beta testing began on March 15 and Ebang’s CEO Mr. Dong Hu said that the barter would additionally “accelerate the company’s development.” Since the barter launch, Ebang’s shares listed on Nasdaq jumped in value. Since January 2024, Ebang’s shares accept added in amount by 48.45%.
As far as the new 6nm dent assembly is concerned, Ebang has accent that commercialization of such chips is not guaranteed. The aggregation affairs to abide developing ASIC mining rigs for bitcoin with hopes to accumulate boundless appeal. The aggregation has annealed antagonism with accomplishment firms like Bitmain, Canaan, Microbt, Innosilicon, and Strongu.
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