CA-BITFURY

BitFury Group, the leading Bitcoin Blockchain infrastructure provider and transaction processing company in the world today announced mass-production of its full-custom design 16nm Application Specific Integrated Circuit (ASIC) Chip, which will bring unmatched energy efficiency to the Bitcoin network.

After rigorous testing, the new BitFury Chip has demonstrated outstanding computing capabilities. The design target was 40 gigahash per second with power efficiency of 0.06 joules per gigahash. On average, the measured power efficiency of tested engineering samples of the new BitFury Chip ranges from 0.055 joules per gigahash to 0.07 joules per gigahash, thus making the BitFury 16nm ASIC Chip the industry leader in energy efficiency.

In addition to its outstanding power efficiency, BitFury’s 16nm ASIC Chip can run with as low as 0.35V power supply voltage. The static part of the Chip can be functional at as low as 0.28V power supply voltage. This level of productivity was previously unattainable with existing silicon devices and existing silicon design methodologies, with transistors working in active mode, not slow sub-threshold. J / Gh metric in working modes starting from 55 Gh/s up to 180 Gh/s follows an almost linear relationship of 0.0011, while at 40 – 55 Gh/s measured slope converges to plateau.

Valery Vavilov, CEO of BitFury, said:  “We are very excited to launch mass production of our super 16nm ASIC Chip. The final results of our hard work have fully met our expectations. We understand that it will be nearly impossible for any older technology to compete with the performance of our new 16nm technology. As a responsible player in the Bitcoin community, we will be working with integration partners and resellers to make our unique technology widely available ensuring that the network remains decentralized and we move into the exahash era together. BitFury warmly welcomes all companies interested in joining our integration and reseller program.”

Jim Lai, President of GUC, said: “We have worked closely with BitFury’s experienced IC designers and we are glad to assist BitFury to achieve this outstanding result. GUC is proud that the BitFury-GUC partnership resulted in the first 16nm full custom tape-out for both parties.”

ADDITIONAL KEY BACKGROUND ON ASIC 16NM CHIP

Every BitFury 16nm Chip delivers a minimum of 100 gigahash per second of computing power. On average, the BitFury 16nm ASIC can compute in the range of as high as 140 gigahash per second using air cooling, and up to 184 gigahash per second using immersion cooling, which makes the BitFury custom-made silicon an absolute leader in computational efficiency per unit of silicon area.

BitFury is the first Bitcoin transaction processor that is uniquely equipped to support the continuing increase of computing power required for the upcoming “Exahash Era” – time when the Bitcoin network computing power exceeds 1,000 petahashes (quintillion hash operations) per second, as each BitFury 16nm Chip will deliver up to four times the amount of computing power at a given energy level than BitFury’s currently deployed 28nm ASIC. Thus, BitFury’s 16nm Chip will enable a significant energy efficiency and computing power improvement versus today’s competing solutions.

Staying true to our commitment to minimize our carbon footprint, BitFury continuously works to increase the energy efficiency of our data centers. The company already relies on renewable energy sources to power our data centers with less than half of the energy overhead of the leading Internet giants, and continuously seeks new ways to further reduce greenhouse gas emissions. An important step forward in this effort is BitFury’s deployment of its proprietary immersion cooling technology in its recently opened Tbilisi, Georgia, data center which supports 40 megawatts.

*All figures mentioned above were measured with real silicon samples. Mileage for production devices may vary. Thanks to the physics of silicon devices, chips may demonstrate exceptionally low power consumption, or exceptionally high compute power, but not both at the same time.

About BitFury Group

BitFury Group is the largest private Bitcoin Blockchain infrastructure provider and transaction processing company in the world. Founded in 2011 by Valery Vavilov and Valery Nebesny, BitFury has management offices in San Francisco, Washington, D.C., Hong Kong, Amsterdam and London, as well as data-centers in Iceland and the Republic of Georgia. BitFury derives sustainable advantage through its custom-made application-specific integrated circuits (ASICs), optimized to achieve the lowest power consumption coupled with the highest processing metrics – the parameters that drive mining margins. BitFury has an impressive track record, having successfully delivered several prior generations of silicon and has a roadmap to at least double performance-per-watt every 6-12 months. BitFury’s management team and board include seasoned industry veterans with a history of execution in silicon engineering, operational build-up and capitalizing businesses.

BitFury is a registered trademark of BitFury Group Limited.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151216005453/en/

Contact:

BitFury
Janna Stepanova, 1-415-961-0123
janna.stepanova@bitfury.com
www.bitfury.com