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Samsung Confirms They Are Working on Mining Chip

As we reported last week, Samsung has entered volume production of a crypto-currency mining ASIC. These reports have been confirmed today by Samsung themselves, stating that they have entered the mining ASIC manufacturing market. The report last week mentioned an “unnamed client from China”, who placed a massive order for a crypto-currency mining ASIC. This news was later somewhat confirmed by Samsung’s latest earnings report, which did mention a higher than expected revenue in the semiconductor business due to “Samsung’s acquisition of new China clients”.

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Posted by amiller in All News, ASIC, bitcoin, Blog, Crypto ASIC, Crypto-Currency, Crypto-mining, Hardware News, Mining, Samsung