Innosilicon, one of the industry’s leaders in ASIC mining products, has just announced a strategic partnership with the Canadian corporation Cloudminter. This partnership will see the collaboration between the two companies for the development of a “groundbreaking” 300 MW mining facility which will be constructed in the eastern part of Canada.
The operations will start as soon as the facility is finished, which means the last quarter of 2018 if there are no delays. Innosilicon has worked closely with Samsung in the past to develop its FinFET technology, which can be used in the optimization of power efficiency for ASIC miners. According to the company, this new model can surpass all the previous ones.
Combining this new ASIC miner with a flexible business model, this company is promising a high quality facility and one of the best return on investment in the market for the investors.
The CEO of Innosilicon, Gordo AO, has declared that the company is proud of the partnership and will deploy the mining equipment on a large scale. The CEO of Cloudminter, Daniel Rafuse, has affirmed that the other company is the ideal partner because of the efficiency that the ASIC miners produced by the company have and their partnership with Samsung is a proof of that.
These two industry leaders will be on the 2018 North American Mining Summit, which will be held at the Mount Stephen Hotel, in Toronto, Canada, on August 15.
About Innosilicon and Clouminter
Innosilicon is a global company and industry leader that works creating ASIC miners for Bitcoin, Litecoin and Ethereum and high speed interface IPs. The company is based in Hong Kong and launches a new ASIC miner every three months.
Cloudminter is a Canadian cloud computing company that offers data centers and cloud mining equipment.