BitFury Completes 16NM Bitcoin Mining ASIC Tape-Out

BitFury has announced it has completed the tape-out for its 16NM ASIC bitcoin mining chips.

AccessTimeIconSep 2, 2015 at 1:01 p.m. UTC
Updated Sep 11, 2021 at 11:51 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

BitFury has announced it has completed the tape-out for its 16NM ASIC bitcoin mining chips, which were first revealed to be in production in February.

The chip will achieve energy efficiency of 0.06 joules per gigahash, compared to the 0.2 joules per gigahash of its 28nm predecessor. BitFury suggested the chip will deliver "four times the compute power" of its previous 28NM chip.

The startup, which has so far raised $60m in VC financing, used the announcement to tout its commitment to green energy, the strength of its immersion cooling process and what it called an ability to compete in a "new era" of bitcoin mining, in which the total computing power of the network exceeds 1,000 petahash.

BitFury CEO Valery Vavilov said:

"All told, BitFury is leading the development of environmentally-responsible infrastructure for the next chapter of the Internet based on the bitcoin protocol and blockchain technology."

BitFury further suggested the new technology would likely be deployed in data centers that could be located in North America – a potential first for the company.

In the past, the company has faced criticism for basing its mining operations outside the US, though it has maintained it is primarily concerned with the cost of data center development in places where energy and building costs are beneficial.

The announcement comes amid a continued push for efficiency in the bitcoin mining space, following KnCMiner's June news that it had released the 16NM KnC Solar chip.

BitFury image via Facebook


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 an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Learn more about Consensus 2024, 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.