Squire Mining Ltd. Invests $25 Million in the Development of ASIC-Miner
By means of non-brokered private placement equity financing the company Squire Mining Ltd. managed to attract 25.5 million US dollars. A serious player in the cryptocurrency market industry plans to spend money on the development, production and sale of new chips, as well as ASIC-devices for the mining of digital assets. This information became known after the company published its official press release.
By the end of the fourth quarter of this year, developers from Squire Mining Ltd. promised to complete the process of production and assembly of the integrated circuit, as well as ASIC-devices for the mining of BTC. In the spring, the company entered into a partnership agreement with Peter Kim. Cooperation implies the design and mass production of 10-nm chips of the "new generation". In addition, in the near future, the company plans to launch its own mining centers.
Experts suggest that by the end of this year, the market of cryptocurrency can attract up to $1 trillion. In turn, by 2030, this number could exceed $10 trillion.