ASICMiner, one of the first companies to successfully deploy bitcoin ASIC mining hardware in 2013, has seen its share price double over the last month. The gains come ahead of the expected Jan 20 tapeout date for ASICMiner’s 3rd generation hardware indicated by the companies CEO in a December announcement. As multiple consumer ASIC companies prepare to ship inventory and private mining operations increase in scale, often with equal or superior hardware, meeting schedule expectations will be paramount to ASICMiner’s future. As one of the first successful ASIC producers, AM was able to maintain a significant hardware advantage through mid-2013, driving the company’s profitability both in mining operations and consumer sales. As 2013 progressed and competitors began to deploy 55nm and then 28nm chips, compared with AM’s Gen 1 130nm hardware, AM’s share of the network plummeted from upwards of 20% to less than 1%. Accordingly, the company’s efforts to develop next generation hardware has been watched closely. With plans for Gen 2 chips foregone to focus on Gen 3...
The post ASICMiner Share Price Doubles Ahead of Gen 3 Tapeout Announcement appeared first on The Genesis Block.
January 19, 2014 at 05:28PM
