Share this article

Bitmain Announces New, More Efficient 7nm Bitcoin Mining Chip

Bitmain Technologies has announced a new 7nm bitcoin mining processor that it says offers a big boost in energy efficiency.

Updated Sep 13, 2021, 8:54 a.m. Published Feb 18, 2019, 1:40 p.m.
Crypto mining machines. (lmstockwork/Shutterstock)
Crypto mining machines. (lmstockwork/Shutterstock)

Bitmain Technologies has announced a new 7-nanometer bitcoin mining processor that it says offers new levels of energy efficiency.

The new ASIC (application-specific integrated circuit), called the BM1397, is said to provide improvements in performance, chip size and energy efficiency for mining proof-of-work cryptocurrencies based on the SHA256 algorithm, such as bitcoin and .

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

Made using a 7nm FinFET process from Bitmain chip supplier Taiwan Semiconductor Manufacturing Company, the BM1397 will gobble up less electricity than previous Bitmain offerings, offering an energy consumption to computing ratio "as low as 30J/TH," according to an announcement Monday.

Bitmain said:

"This is a 28.6 percent improvement in power efficiency in comparison with Bitmain’s previous 7nm chip, the BM1391. To achieve this, Bitmain’s engineering team has thoroughly customized the chip design to optimize its architecture, circuit and economics."

The new ASIC will feature in new Antminer mining devices – the S17 and T17 – that Bitmain said it will detail at a later date.

The announcement comes soon after the mining giant revealed its most recent Antminers – the S15 and T15 – in November, both powered by the BM1391 ASIC.

Bitmain also launched ASIC miners for the cryptocurrencies zcash and ethereum last year. The development prompted ethereum's open-source development community to tentatively agree in January to implement a new algorithm that would restrict ASIC mining on the network, pending further testing of the required code, ProgPoW.

ProgPoW was delayed earlier this month, however, in favor of conducting audits to gauge the effectiveness of the method.

Miners image via Shutterstock

More For You

KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

16:9 Image

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

More For You

Cathie Wood’s ARK Invest files for two crypto index ETFs tied to CoinDesk 20

Ark Invest CEO Cathie Wood

One proposed fund will attempt to exactly mimic the CoinDesk 20, but the other would track the index, excluding bitcoin.

What to know:

  • ARK Invest has filed with U.S. regulators to launch two cryptocurrency ETFs tracking the CoinDesk 20 index.
  • One proposed fund would track the CoinDesk 20, which provides exposure to major tokens, including bitcoin, ether, solana, XRP, and cardano. The other would track the same index, but exclude bitcoin, by pairing long index futures with short bitcoin futures.
  • The funds, which would list on NYSE Arca if approved, aim to offer diversified crypto exposure without direct token custody and follow similar, still-unapproved crypto index ETF proposals from WisdomTree and ProShares.