Canadian Mining company Squire Ltd. announced the development of its own ASIC chips for 10-nanometer process technology. In the development of chips, the company is also involved Gaonchips, and facilities to produce chips will give the Korean tech giant Samsung.

“Our team of programmers and engineers working together with experts Gaonchip to create the first ASIC chip company. It will be designed for mining bitcoins, Cash and other Bitcoin compatible cryptocurrencies. After developing technology, the company will form the basis for running batches of test chips at the factory of Samsung Electronics”, — stated in a press release.

It is also reported that after the release of the prototype ASIC chip teams will focus on the creation of the first mining farm for bitcoin mining, Cash, Bitcoin and other cryptocurrencies.