BitFury, a bitcoin mining agent, has developed and manufactured its anticipated 28nm ASIC chip.
The chip was first introduced by BitFury in the third quarter of 2014, raising $20m in investment through investors such as venture capitalist.
The CEO of BitFury, Valery Vavilov, stated: "BitFury continuously improves its market-leading technology and we are already hard at work on the next generation 16nm chip that is expected to achieve 0.06 J/Gh this year."
The chip claims to have been tested to deliver 0.2 joules-per-gigahash. BitFury acquired a further $20m in May last year, resulting in its total investment to $40m throughout 2014.
