Cutting Edge Disruptive Technology Setting New Standard

SAN FRANCISCO - Saturday, December 12th 2015 [ME NewsWire]

(BUSINESS WIRE)-- BitFury Group, the leading Bitcoin Blockchain infrastructure provider and transaction processing company in the world, will open its third mega data center next week.

This new mega data center will be located in the Republic of Georgia and will have a capacity of 40 MW of electricity to process transactions using BitFury’s latest generation 28 nm and 16 nm ASIC chips. The new processing center will take full advantage of BitFury’s proprietary immersion cooling technology developed by Allied Control which BitFury has acquired earlier this year and locally sourced hydroelectric energy. BitFury’s immersion cooling systems will enable energy-saving data center cooling systems for high performance computing applications.

“This data center will take immersion cooling technology to the next level and set a new standard for data processing using renewable energy. BitFury is leading the innovation in this space and we are proud to unveil our new data center and to work with our global partners to advance this important work,” said BitFury CEO Valery Vavilov.

Data Center Opening Ceremony Details:

    Attending: BitFury and Georgia’s high-ranking officials
    Location: Tbilisi, Gldani, Tbilisi Technology Park Free Industrial Zone
    Date & Time: Thursday, December 16, 10:30 am-1:00 pm

Key Background Information:

BitFury uses renewable energy for all its data center operations and remains committed to maintaining the smallest carbon footprint possible. The company today is announcing a breakthrough in data center efficiency, pioneered by Allied Control, a subsidiary of BitFury Group. Allied Control specializes in the new, two-phase (2PIC) immersion cooling technology which significantly increases power density to a record-breaking 250kW per horizontal rack from about 5kW to 10kW average, reduces cooling energy consumption by more than 96% with a PUE of 1.02, accelerates deployment time drastically and delivers on environmental sustainability.

BitFury builds its own full-custom Application Specific Integrated Circuits (ASICs), PCBs, servers and data centers. The company will leverage Allied Control’s award-winning 2PIC technology to deploy its 28nm and 16nm ASICs. The innovative 2PIC technology will enable BitFury to lower operational costs by allowing to run ASICs more efficiently. It also makes it possible to run fewer chips hotter, especially early in the product life cycle. 2PIC also provides the capability to recycle virtually all of the waste heat for local industrial or municipal use, lowering net operational costs.

The effect is operating at nearly carbon neutral when using renewable energy to power the immersion cooling system.

The ability to create densely packed circuit boards paired with high-performance during overclocking made 2PIC a natural fit for Blockchain transaction processing, an industry with a need for processing power that is growing at unprecedented rates.

This growth and progression can provide a roadmap for high performance computing as it evolves toward and beyond the upcoming “Exahash Era” – the time when the Bitcoin network computing power exceeds 1,000 petahashes (quintillion hash operations) per second.

Contacts

TO ATTEND THE EVENT OR RECEIVE ADDITIONAL INFORMATION

ABOUT THE DATA CENTER – PLEASE CONTACT:

BitFury

Janna Stepanova, 1 415-961-0123

E-mail: janna.stepanova@bitfury.com

Website: www.bitfury.com

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