ASIC

Taking Cloud Mining to New Heights: TecCrypto Uses New Technology

Retrieved on: 
Wednesday, December 20, 2023

TecCrypto , an industry leader in cryptocurrency technology and cloud mining, officially announces its global launch, inviting the public to partake in the lucrative world of Bitcoin mining.

Key Points: 
  • TecCrypto , an industry leader in cryptocurrency technology and cloud mining, officially announces its global launch, inviting the public to partake in the lucrative world of Bitcoin mining.
  • Established in 2018, TecCrypto has rapidly ascended to the forefront of the crypto mining industry, setting new benchmarks in efficiency, innovation, and profitability.
  • By continually innovating in this space, TecCrypto has effectively boosted mining efficiency, reduced power consumption, and maintained its edge in a highly competitive market.
  • In a move to democratize access to crypto mining profits, TecCrypto is proud to offer free cloud mining services.

Alchip Technologies Celebrates 20th Anniversary

Retrieved on: 
Tuesday, December 12, 2023

Taipei, Taiwan, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Alchip Technologies, Ltd. celebrated its 20th Anniversary Friday night at the Taipei Marriott with a gala event that thanked and recognized luminaries representing Alchip’s investors and partners for the company’s success.

Key Points: 
  • Taipei, Taiwan, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Alchip Technologies, Ltd. celebrated its 20th Anniversary Friday night at the Taipei Marriott with a gala event that thanked and recognized luminaries representing Alchip’s investors and partners for the company’s success.
  • Alchip was founded in 2003 with 23 employees and went public in 2014 on the Taiwan Stock Exchange with an initial capitalization of US$195 million.
  • This year, the company achieved a market cap of approximately US$7 billion and employs nearly 600 people in 13 locations around the globe.
  • A celebratory video lauding the company’s mission, vision, and values, and recounting significant milestones in Alchip’s history, accompanied the awards portion of the program.

Intchains Expands WEB3 Industry Presence, Acquires Goldshell Brand-related Assets

Retrieved on: 
Friday, December 8, 2023

LTD., or the Seller, to purchase certain assets used in the Seller’s operation of its Goldshell WEB3 infrastructure brand, or the Goldshell brand.

Key Points: 
  • LTD., or the Seller, to purchase certain assets used in the Seller’s operation of its Goldshell WEB3 infrastructure brand, or the Goldshell brand.
  • Intchains will pay the Seller US$550,000 in cash as consideration for such acquisition.
  • “We are excited to embark on this new journey with the Goldshell brand, one of the most highly recognized brands in the WEB3 industry,” said Mr. Qiang Ding, Chairman of the Board of Directors and CEO of Intchains.
  • Leveraging our technical strengths in chip development, we will create synergies with the Goldshell brand across products, solutions and marketing, further unleashing our competitiveness as we deepen our penetration along the industry value chain.

Alchip Unveils Industry’s First Automotive ASIC Design Platform

Retrieved on: 
Wednesday, November 22, 2023

Kawasaki, Japan, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Alchip Technologies, Ltd. today rolled out the semiconductor industry’s first Automotive ASIC platform at the Design Solutions Forum 2023.

Key Points: 
  • Kawasaki, Japan, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Alchip Technologies, Ltd. today rolled out the semiconductor industry’s first Automotive ASIC platform at the Design Solutions Forum 2023.
  • The Automotive platform streamlines the ASIC design needs of global automotive IC module and component manufacturers, as well as automotive companies themselves.
  • The platform consists of six modules: Design for Autonomous Driving (AD)/ Advanced Driver Assistance System (ADAS), Design for Safety, Design for Test, Design for Reliability, Automotive Chip Sign-off, and Automotive Chip Manufacturing (MFG) Service.
  • “This is a huge step forward for ADAS and autonomous driving ASIC components and the global automotive electronics industry, said Johnny Shen, CEO of Alchip.

Hut 8 drives innovative recycling initiative for the second year running, earning 44% more carbon credits than in 2022

Retrieved on: 
Monday, November 20, 2023

In 2023, Hut 8 has submitted approximately 369 metric tonnes of electronic waste to the program, earning 7,500 metric tonnes carbon dioxide equivalent of serialized carbon credits.

Key Points: 
  • In 2023, Hut 8 has submitted approximately 369 metric tonnes of electronic waste to the program, earning 7,500 metric tonnes carbon dioxide equivalent of serialized carbon credits.
  • The carbon credits are verified by AET Group, who have been verifiers with BGIS and Brookfield.
  • Hut 8 is set to generate 7,500 carbon credits by the end of 2023, an increase of 44% from the 5,200 generated in 2022.
  • We look forward to the ongoing partnership, dedicated to responsibly addressing the e-waste challenges inherent in such a vast industry.”

GlobalLogic Announces Acquisition of Mobiveil

Retrieved on: 
Tuesday, December 19, 2023

The acquisition also brings marquee client relationships and provides GlobalLogic with immediate access to a substantial skilled talent pool relevant to the industry.

Key Points: 
  • The acquisition also brings marquee client relationships and provides GlobalLogic with immediate access to a substantial skilled talent pool relevant to the industry.
  • We’re excited to welcome Mobiveil into the GlobalLogic family and look forward to writing the next chapter in the industry together."
  • This acquisition offers Mobiveil the opportunity to become part of GlobalLogic’s unique culture, and to expand our capabilities and collaborate on new, innovative projects.
  • We look forward to leveraging this partnership to deliver cutting-edge solutions and elevate our industry impact.”
    Three co-founders of Mobiveil, Ravi Thummarukudy, Gopa Periyadan and Srinivasan Duraiswamy, will join the GlobalLogic Leadership team.

Intchains Group Limited Reports Third Quarter 2023 Unaudited Financial Results

Retrieved on: 
Thursday, November 16, 2023

SHANGHAI, China, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Intchains Group Limited (Nasdaq: ICG) (“we,” or the “Company”), a provider of integrated solutions consisting of high-performance computing ASIC chips and ancillary software and hardware for blockchain applications, today announced its unaudited financial results for the third quarter ended September 30, 2023.

Key Points: 
  • SHANGHAI, China, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Intchains Group Limited (Nasdaq: ICG) (“we,” or the “Company”), a provider of integrated solutions consisting of high-performance computing ASIC chips and ancillary software and hardware for blockchain applications, today announced its unaudited financial results for the third quarter ended September 30, 2023.
  • Revenue was RMB6.8 million (US$0.9 million) for the third quarter of 2023, representing a decrease of 94.6% from RMB126.4 million for the same period of 2022.
  • Net loss was RMB19.1 million (US$2.6 million) for the third quarter of 2023, compared to a net income of RMB96.6 million for the same period of 2022.
  • The Company’s management team will host an earnings conference call to discuss its financial results at 8:00 P.M. U.S. Eastern Time on November 16, 2023 (9:00 A.M. Beijing Time November 17, 2023).

Federal Court of Australia Approves Incannex’s Re-Domiciliation and Lodgement of Court Orders With ASIC

Retrieved on: 
Thursday, November 16, 2023

It is expected that a copy of the Court’s orders with respect to the Schemes will be lodged with ASIC tomorrow, at which time the Schemes will become legally effective.

Key Points: 
  • It is expected that a copy of the Court’s orders with respect to the Schemes will be lodged with ASIC tomorrow, at which time the Schemes will become legally effective.
  • Incannex has applied to ASX to suspend quotation and trading of Incannex shares, with effect from the close of trading on ASX on November 17, 2023.
  • Incannex’s ADRs, however, will continue to trade on Nasdaq until the implementation date (November 28, 2023).
  • The Scheme consideration will be paid to Scheme Shareholders and Scheme Optionholders (as defined in the Scheme Booklet) on the implementation date.

Auradine Unveils Next-Generation Teraflux™ Bitcoin Miners Setting New Benchmarks for Efficient and Sustainable Mining

Retrieved on: 
Tuesday, November 14, 2023

These miners are the fastest and most efficient Bitcoin mining systems in the world, achieved through breakthrough architectural and process advances in ASIC technologies.

Key Points: 
  • These miners are the fastest and most efficient Bitcoin mining systems in the world, achieved through breakthrough architectural and process advances in ASIC technologies.
  • Additionally, they offer cutting-edge uptime and demand-response features that help miners reduce costs and effectively partner with energy providers.
  • Amidst geopolitical and other risks to supply chains and cybersecurity threats, there is growing demand for US-based mining solutions.
  • EnergyTune™ and AutoTune™ technologies allow miners to dynamically adjust the Bitcoin hash rate based on-demand response needs of the electrical grids.

TeraWulf Reports Third Quarter 2023 Financial Results

Retrieved on: 
Monday, November 13, 2023

7 Q3 2023 and Q2 2023 Calculation excludes 13 and 17 bitcoin, respectively, earned via hosting profit share.

Key Points: 
  • 7 Q3 2023 and Q2 2023 Calculation excludes 13 and 17 bitcoin, respectively, earned via hosting profit share.
  • “We continue to execute our stated goals, delivering strong results in Q3 2023,” stated Paul Prager, Chief Executive Officer of TeraWulf.
  • Revenue in the third quarter of 2023 increased 22.6% to $19.0 million as compared to $15.5 million in the second quarter of 2023.
  • Gross profit in the third quarter increased to $10.7 million compared to $10.3 million in the second quarter of 2023.