BitFury Launches New 28nm Bitcoin Mining ASIC

Bitcoin mining giant BitFury has announced it has completed the manufacturing of its previously announced 28nm ASIC chip.

AccessTimeIconFeb 28, 2015 at 2:05 a.m. UTC
Updated Sep 11, 2021 at 11:34 a.m. UTC
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Bitcoin mining giant BitFury has announced it has completed the manufacturing of its anticipated 28nm ASIC chip.

BitFury first revealed the development of the chip in the fall of last year, at the time raising $20m in funding for the project from investors including venture capitalist Bill Tai, current BitFury board member and former VeriFone CFO Bob Dykes and the Georgian Co-Investment Fund.

CEO Valery Vavilov sought to frame the announcement as part of BitFury's overall drive to keep chip efficiency in line with the rising difficulty of the bitcoin mining network, calling the chip the company's "most energy-efficient and high-performance technology to date".

Vavilov said:

"BitFury continuously improves its market-leading technology and we are already hard at work on the next generation 16nm chip that is expected to achieve 0.06 J/Gh this year."

The company reported the chip has been tested to deliver 0.2 joules-per-gigahash, a figure it had advertised widely at the time the project was announced.

BitFury raised an additional $20m in a Series A round in May 2014, bringing its 2014 total to $40m over two rounds.

Image via CoinDesk


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.