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