GRIID, a self-mining company with three US-based facilities, has entered into a long-term agreement with IBM for its upcoming low-voltage, energy-efficient bitcoin (EXANTE: Bitcoin) mining ASIC. According to a regulatory filing first reported by Tom's Hardware, the Ohio-based company entered into a supply agreement with Intel, which will provide an additional source of supply of ASICs.
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The initial order will supply units to be delivered in 2022 and GRIID will have access to a significant share of Intel's future production volumes. The mining company also noted its existing facilities utilize approximately 74% carbon-free power, and it expects that its facilities will utilize approximately 79% carbon-free power by the end of 2022 and more than 90% carbon-free power by the end of 2023, respectively.
A spokesperson for IBM said that the SHA-256 ASIC referred to in the paper being presented at ISSCC next month was the company's "first-generation product exploration from 2018."
"The supply agreement released as part of required SEC disclosures from our customer concerns the second-generation ASIC for which we will provide more details soon," the spokesperson added.
iHodl earlier reported that the tech giant Intel plans to present a new ASIC called Bonanza Mine in February. The presentation of the device is expected to take place at the 2022 IEEE International Solid-State Circuits conference, which will be held on February 19-26. Intel's performance is scheduled for February 23, according to the event's program.
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