Chain Reaction launches EL3CTRUM, the most powerful blockchain technology on the market

Get on Wall Street with StreetInsider Premium. Claim a 1-week free trial here.

New solution poised to disrupt Bitcoin mining industry with unmatched performance and efficiency to be demonstrated at Bitcoin 2023 in Miami

TEL AVIV, Israel, May 16, 2023 (GLOBE NEWSWIRE) — Chain reaction, a semiconductor company focused on disruptive blockchain and privacy hardware, today announced the EL3CTRUM product line, featuring a best-in-class application-specific integrated circuit (ASIC) for Bitcoin mining with outstanding performance and energy efficiency. EL3CTRUM is optimized to power the next generation of Bitcoin miners with a solution that provides superior hashing, higher throughput and sustainable use of energy. EL3CTRUM will be available to enterprise miners in a variety of form factors – ASICs, hashboards and systems.

Built from the ground up using a new circuit design, the first product is an ASIC that delivers industry-leading energy efficiency of 19 J/TH. A complete system containing these ASICs delivers hashing performance of 140 TH/s. The ASIC is designed for mining Proof-of-Work cryptocurrencies that use the SHA256 algorithm, such as Bitcoin, and provides a much higher hash rate and power efficiency than other solutions currently available on the market.

Chain Reaction has carefully crafted a reliable supply chain for the various form factors, taking into account the competitive and geostrategic nature of today’s integrated circuit supply. The company will also provide high-quality customer service to miners and serve as a trusted partner.

The product line will be widely available this year, with prototypes to be demonstrated this week at Bitcoin 2023.

“Chain Reaction’s veteran circuit and analog engineering team customized this architecture for optimal power, performance and area,” said Alon Webman, CEO of Chain Reaction. “The EL3CTRUM product line is just the beginning of a revolution in computing. We are paving the way for our hardware to set the standard for high performance as we target blockchain and privacy infrastructure solutions for data centers, hyperscalers and cloud environments that require massively accelerated computing capabilities.”

The team at Chain Reaction has worked together for decades, amassing significant R&D expertise in custom analog ASIC design as well as high-volume manufacturing experience via dozens of successful tapeouts. It is this team’s experience, expertise and relationships that enabled the company to develop a new architecture that demonstrates unprecedented flexibility and functionality combined with mass production. These purpose-built solutions enable faster payback times and scaled computing power, without compromising sustainability.

“Chain Reaction’s innovative technology enables advanced cryptographic computation, achieving unprecedented levels of high performance and energy efficiency at scale,” said Yoav Tzruya, General Partner of JVP. “The use cases for this cutting-edge technology are staggering, ranging from safeguarding data and privacy to revolutionizing proof-of-work for blockchain. With its innovative approach to hardware and software design, Chain Reaction’s proven and talented team has an unparalleled track record of delivering the most superior hardware solutions to market in 2023. Their remarkable achievements have been achieved in record time and with unprecedented capital efficiency. We are proud to partner with such an elite team.”

More details about EL3CTRUM can be found at www.chain-reaction.io or by contacting [email protected].

About chain reaction
Chain Reaction is developing the future of disruptive blockchain and privacy technologies. The company accelerates computing performance, enabling organizations to adopt and scale solutions to the world’s most complex problems. Working with cloud and data centers, Chain Reaction transforms data infrastructure with custom ASICs and systems that optimize for low-power, high-performance computing. Purpose-built and custom-designed solutions power the next generation of secure, scalable and green computing to protect people, privacy and the planet. To learn more about chain reaction, visit www.chain-reaction.io.