BITMAIN RELEASES NEXT-GENERATION ASIC CHIP BM1397

This Monday, Chinese mining company Bitmain announced a 7-nm chip of a new generation codenamed BM1397, which, according to her statement, surpasses its predecessors in performance and energy efficiency and is suitable for mining cryptocurrencies on the SHA256 algorithm, including Bitcoin and Bitcoin Cash.

Chip BM1397 requires less energy and is able to achieve efficiency in 30J/TH, which is “higher by 28.6% than the previous 7-nm chip from Bitmain” under the code name BM1391.

BM1397 is manufactured using the technology of the Taiwanese company TSMC, which is engaged in the production of semiconductor products and is one of the leading suppliers in the cryptocurrency mining industry.

The BM1397 chip will be installed in the new ASIC miners of Antminer S17 and Antminer T17 models, the release of which Bitmain promises to report later. The company does not give other details of the updated devices in its message.

At the end of December, Bitmain confirmed the information about the reduction of staff, after the media reported the closure of its research center in Israel.