With the likes of Bitmain, Nvidia and AMD seeing the craze make them a lot of cash,  the South Korean manufacturer is now preparing for mass production of its Mining chips, after having finished the design of an ASIC (Application-Specific Integrated Circuit).

ASIC chips are now heading to an unnamed Chinese company, where the massive production will start. 

The move has been rumoured since October when the company unveiled a bitcoin mining rig made of old Android smartphones.

Since then it has been unclear if the company has built partnerships with other manufacturers apart from a mention of a deal between Samsung and the Russian Baikai.

According to The Investor, the partnership between the two companies would result in the production of ASICs during January 2018.

Samsung Securities said that the production of ASICs would take only a small portion of Samsung’s manufacturing capacity and this new endeavour will not affect another chipsets production. As a result, the company business tends to increase due to this new shift. If Samsung confirms its involvement in the Bitcoin mining sector, then Bitmain – The most significant manufacturer of Bitcoin mining hardware with nearly 70 percent of total market share – will face serious competition.