BIT Mining Limited announced that it has entered into a collaboration with Chain Reaction to produce next-generation systems for bitcoin mining. The systems, expected to launch later this year, will be based on Chain Reaction's EL3CTRUM ASIC solution. BIT Mining is the market leader in next generation architecture and mass production of high-performance, low power systems for the cryptocurrency mining industry.

Together, BIT Mining and Chain Reaction are poised to leverage their expertise and knowledge to develop and create a new generation of hardware that will deliver industry leading performance with relatively low power consumption. Chain Reaction designs hardware for blockchain, privacy, HPC and the cloud. The company has a core team with decades of experience in analog and circuit design, and an impressive history of 30 successful ASIC tapeouts that went directly to high volume manufacturing.

Their recently launched EL3CTRUM ASIC is a blockchain chip that serves as the foundation for sustainable, high-performance blockchain technologies.