BitFury Raises $20 Million to Power New ASIC Chips, Increase Bitcoin Mining Output
BitFury has raised $20m in additional funding to complete development of its 28nm ASIC chip capable of achieving energy efficiency of 0.2 joules-per-gigahash (J/GH) and first announced in September.
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The funding will seek to power the company’s development of what it hopes will be industry-leading ASIC chips, as well. BitFury announced in September that it is seeking to achieve energy efficiency of 0.2 J/GH by the fourth quarter of 2014, and sub-0.1 J/GH efficiency by mid-2015.
BitFury has raised $20m in additional funding to complete development of its 28nm ASIC chip capable of achieving energy efficiency of 0.2 joules-per-gigahash (J/GH) and first announced in September.
[...]
The funding will seek to power the company’s development of what it hopes will be industry-leading ASIC chips, as well. BitFury announced in September that it is seeking to achieve energy efficiency of 0.2 J/GH by the fourth quarter of 2014, and sub-0.1 J/GH efficiency by mid-2015.