Squire, Canada based Cryptocurrency mining infrastructure developer has partnered with Ennoconn Corporation to manufacture the next generation of mining systems for prominent Cryptocurrencies. This partnership will facilitate the launch of the company’s mining business further.
Ennoconn majority shareholder is Foxconn Technology Group which is the largest electronic manufacturing service that will add its expertise and experience and help Squire reach new heights and will make itself as one of the leading Crypto mining hardware providers in the industry. This electronic giant will assist in the designing and assembly of Squire’s next-generation mining rigs when the working prototype of the ASIC (Applicable Specific Integrated Circuit) Chip is done.
The new ASIC chip and mining system will help reduce the operational costs of mining rigs by up to 40 percent in enterprise mining facilities. Therefore the cost reduction would be worth $60 million every year. ASIC chip and the mining system when put together will provide up to four times improvement in the performance of mining facilities.
The new mining system in the partnership will be used for mining Bitcoin, Bitcoin cash and other associated Cryptocurrencies.
Ennoconn is one of the world’s leading electronic manufacturing companies. It is one of the prominent industrial motherboard designers. It is based out of Taipei, Taiwan which provides a total hardware system solution.
About Squire Mining:-
Squire is a Canadian based company engaged in the business of developing data mining infrastructure and system technology to support global Blockchain applications in the mining space including applicable specific integrated circuit (ASIC) chips and next-generation mining rigs to mine Bitcoin Cash, Bitcoin and other associated Cryptocurrencies.
For the development of AraSystem Technology mining rigs, Squire mining engineers are working with Ennoconn. AeroSystems is a subsidiary of Squire mining and will host the debut ASIC chip.