Bitmain, the world’s leading Bitcoin mining rig manufacturer, is set to release a new mining machine specifically designed for the Aleo Blockchain Network.
This new machine, called the Aleo ANTMINER, would play a pivotal role in advancing Aleo’s vision for a blockchain that offers full-stack programmability to developers.
According to Bitmain’s:
“The Aleo project deeply uses Zero-Knowledge Proof ( ZKP ) technology and aims to build a blockchain network that takes into account decentralization, scalability, and privacy protection.“
This announcement from Bitmain comes on the heels of the company’s recent financial challenges. In September 2023, the company faced a temporary cash-flow deficit, which, regrettably, led to the partial withholding of employee salaries for the month. Furthermore, Bitmain terminated the employment of three individuals due to their unauthorized release of the company’s salary announcement.
However, Bitmain quickly regained its footing by introducing a cutting-edge series of S21 mining installations. The flagship product in this series, S21 Antminer, boasts an impressive hashrate of 335 TH/s and remarkable energy efficiency of 16 J/TH.
The machines’ application-specific integrated circuits (ASICs) mark a significant milestone in the mining industry, as they are the first to attain an efficiency rating below 20 J/TH, setting a new standard for the sector.
Currently, the S21 Antminer HYD is the world’s most powerful mining rig.
The first and second batches of the S21 series are expected to be shipped during the first half of next year.
Meanwhile, Bitmain recently deepened its ties with Core Scientific, another mining company with a major equipment purchase agreement. Under this agreement, the Texas-based Bitcoin miner will acquire 27,000 new mining machines from Bitmain. This transaction involves $23.1 million in cash and $53.9 million in Core Scientific stock. The stock’s value will be determined following the bankruptcy court’s approval of Core Scientific’s Chapter 11 reorganization plan.
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