Samsung confirmed the news we reported a few days ago that it produces Bitcoin mining equipment.
A company spokesperson speaking to TechCrunch said the following on the subject:
“Samsung’s foundry is currently engaged in the fabrication of cryptocurrency mining chips.”
However, the South Korean tech giant is catching up on its customers. It didn’t provide any other information about it or its products.
Competition will grow
Samsung’s entry into the cryptocurrency mining space, with Chinese-based Bitmain undoubtedly claiming to hold more than 70 percent of the market will create a serious competitive environment.