Sea Sonic and HashFast Sign Deal To Power Next Generation of Bitcoin Mining Equipment

Sea Sonic and HashFast Sign Deal To Power Next Generation of Bitcoin Mining Equipment

Sea Sonic Electronics Co. Ltd (‘Sea Sonic’) and HashFast Technologies LLC (‘HashFast’) announced today that they have signed an agreement for Sea Sonic to produce power supplies for HashFast’s Bitcoin mining systems.

The Baby Jet and Sierra mining units will be built using Sea Sonic power supplies, which are widely known for their industry-leading efficiency, quality and reliability. The highly stable output voltage from Sea Sonic supplies ensures the miners will consistently reach their maximum hashing performance. The very high efficiency of these supplies lowers the electrical costs involved in mining, and reduces the waste heat produced.

Tests of the Sea Sonic power supply show an incredibly stable output and longevity, even when machines are overclocked, enabling miners to generate more Bitcoin for their money.

“We believe mining rigs should come complete with the best power supplies available” said HashFast CEO Eduardo de Castro.

“The quality and reliability of the power supply has a critical effect on the performance of Bitcoin mining equipment. It’s well known that Sea Sonic is a clear leader in the power supply industry, and their products are widely known for their build quality, efficiency and reliability. Their reputation for quality extends over nearly four decades.”

Sea Sonic President Vincent Chang agreed with the emphasis on quality, noting that

“Quality is something that is of paramount importance to us at Sea Sonic. We have been in the industry for over 38 years and pride ourselves as being a leader in manufacturing highly stable, reliable and energy efficient power supplies.”

He further added that

“It is an honor to support HashFast producing the highest quality and most efficient Bitcoin mining equipment possible. We look forward to a future in which our companies work together to provide the best possible products and services in the industry."

“It is a great honor to be working with Sea Sonic,” said de Castro. “We look forward to a long and fruitful relationship.”

ABOUT SEA SONIC ELECTRONICS CO.

Since the incorporation of Sea Sonic Electronics Co., Ltd. (“Sea Sonic”) in 1975, Sea Sonic has maintained the focus on research and development and the production of high quality and energy efficient power conversion products. For the past decades, supported by cutting edge technology based upon a strong research and development team, Sea Sonic has provided timely and professional solutions to meet many of the IT industry's requirements.

More information about Sea Sonic Electronics can be found at: http://www.seasonicusa.com/

ABOUT SEA SONIC POWER SUPPLIES

Sea Sonic is the first power supply manufacturer in the industry to be awarded the 80PLUS® certificate which offers the newest technology and innovations for performance and energy savings with up to 92% efficiency and a true power factor of greater than 0.9 PF. With this wealth of experience in utilizing advanced technology and designing highly energy efficient power supplies, the solutions provided not only optimize the overall performance, but also bring better reliability and longer energy efficient product life. Sea Sonic products are also known to use quality components such as gold-plated high current terminals, solid capacitors, and Japanese sourced 105℃ capacitors to guarantee the quality of their products.

ABOUT HASHFAST TECHNOLOGIES LLC

Headquartered in San Jose, Calif., HashFast Technologies LLC (“HashFast”) is a fabless semiconductor company specialized in the production of high-performance ASICs at aggressive performance nodes for the network verification of digital currency transactions. HashFast’s mission is to make leading edge ASICs that push the performance envelope available to customers worldwide. The company was founded in 2013 by Simon Barber and Eduardo de Castro, and is privately held.

More information about HashFast Technologies can be found at: http://www.HashFast.com/

ABOUT HASHFAST BITCOIN MINING ASICS

Hashfast GN 28nm HPM Bitcoin mining ASIC was announced in July and taped out on schedule on August 28, 2013. HashFast’s Golden Nonce (GN) is a 28nm ASIC chip that performs 400 Ghash/s at nominal clock speed and consumes less than 0.65 W/GH. It can be underclocked for greater efficiency and overclocked for greater performance. The chip has on-die thermal controls to allow operation at its absolute maximum performance. This equipment is solely intended for use in commercial environments. Power consumption figures are from simulations, and may be +-20% in real silicon.


Related News

HashFast Staves Off Involuntary Bankruptcy In San Francisco Court

Bitcoin mining hardware manufacturer HashFast has avoided being forced into involuntary Chapter 7 bankruptcy proceedings by signing a deal with its creditors. Under the deal, signed in a federal bankruptcy court in San Francisco, HashFast will commit to an accelerated restructuring in order to meet its obligations. Mining company Liquidbits sought court approval last week for HashFast to enter an involuntary bankruptcy in order to recoup funds lost after HashFast failed to deliver on a $6m order. Ars Techina reported that HashFast is now able to resume part of its business. However, the....

Troubled Mining Outfit HashFast Makes Temporarily Deal With Creditors

There's been a lot of talk lately surround bitcoin mining outfit HashFast Technologies and their financial troubles. The company's CEO previously told Ars Technica that they were "as poor as church mice," and fired half of its staff to cut costs. We're now learning that following a two-day hearing in a U. S. Bankruptcy Court in San Francisco, California, HashFast and its creditors have come to a temporary agreement that will allow the company to resume business (in a limited fashion) as opposed to having the court appoint a trustee that would liquidate company assets in an involuntary....

Federal Judge Rejects Bitcoin Company's Motion to Dismiss Charges

It has been over an year since the Bitcoin mining outfit HashFast Technologies announced bankruptcy, but the company is still continuing to stay at the nucleus of legal troubles. The Bitcoin equipment manufacturer, which once rose to fame for its over-the-top advertising campaigns, was later beset by a number of legal allegations, including breach of contract and fraud. As widely reported, HashFast had launched a fake pre-order scheme, in which it had promised to ship its customers the fastest Bitcoin mining machines within two weeks. But in reality, the company's "in stock" claim was a....

Bitcoin Mining Company HashFast Bankruptcy Auction Announced

HashFast, a mining company which once boasted that its hardware is "... the fastest Bitcoin Mining ASIC in the world. Period," was granted permission last Wednesday to liquidate its remaining assets. Officially, HashFast is bankrupt and owes investors from around the world a sum close to $40M. The ruling could be one of the most sardonic "wins" for a bitcoin company in court thus far. In the months leading up to the California judge's ruling, HashFast was beset by a number of legal accusations. The list includes breach of contract, fraud, and an involuntary bankruptcy petition. For....

Bitcoin Mining ASIC Company HashFast Granted Chapter 11 Bankruptcy

On June 7th, a US bankruptcy court granted HashFast a court ruling allowing it to enter Chapter 11 bankruptcy. HashFast had previously been faced with legal action and increasingly valid comparisons to fellow Bitcoin mining ASIC manufacturer Butterfly Labs (BFL). Just 3 months ago, I was standing at HashFast's booth at the Texas Bitcoin Conference looking at a hashing machine, an honor many paying customers seem to have been denied. Things change in an expedited manner when it comes to the world of Bitcoin. In May, HashFast announced that it would "refocus" while letting nonessential (50%....