Bitmain to Support Aleo’s PoW Blockchain With Latest Antminer Release

Crypto mining rig shaper Bitmain plans to merchandise a caller Antminer supporting the proof-of-work (PoW) blockchain web Aleo. The announcement comes aft Bitmain’s caller launches of filecoin and kaspa machines and the company’s latest bid of bitcoin miners.

Aleo’s L1 Blockchain to Get Bitmain Mining Support

According to a caller Bitmain post, the institution intends to present a miner compatible with the forthcoming blockchain web Aleo. The Aleo PoW blockchain is presently successful testnet mode and hasn’t afloat launched. It’s a furniture 1 (L1) blockchain that employs zero-knowledge proofs to bolster privateness portion retaining programmability. Aleo uses a statically typed programming connection inspired by Rust named Leo.

“To enactment the prosperity of the Aleo ecosystem, Bitmain plans to motorboat the Aleo Antminer,” the station published by Bitmain disclosed.

The announcement from Bitmain follows respective caller merchandise launches implicit the past fewer months. In precocious July, the institution announced a filecoin (FIL) mining rig. The consequent period saw the shipment of Bitmain’s kaspa (KAS) mining machines. Shortly aft announcing the Kaspa mining rig, Bitmain revealed an August merchandise of a monero (XMR) mining rig. More recently, Bitmain launched 2 next-generation bitcoin (BTC) miners from the S21 series.

A report 2 weeks agone suggested that Bitmain has faced fiscal challenges and reportedly struggled to wage its staff. Following that report, however, Bitmain secured 2 contracts with 2 mining operations based successful the U.S. The institution sold a combined 5.8 exahash per 2nd (EH/s) of its caller S21 Antminers to Iris Energy and Cleanspark.

Aleo has garnered important attention, overmuch similar different task capital-backed furniture 1 blockchains specified arsenic Solana, Aptos, and NEAR did anterior to their debuts. In April 2021, Aleo’s squad secured $28 cardinal successful a Series A circular led by Andreessen Horowitz (a16z).

In February 2022, Aleo’s Series B backing reached $200 million, elevating the task beyond unicorn status. Softbank Vision Fund 2 and Kora Management LP jointly led the round, with information from a16z, Tiger Global, Sea Capital, Slow Ventures, and Samsung Next.

What bash you deliberation astir Bitmain’s latest announcement astir an upcoming miner that supports the Aleo network? Share your thoughts and opinions astir this taxable successful the comments conception below.