360 Blockchain invests $100K into ePIC Blockchain Technologies
360 Blockchain Inc. is investing $100,000 into ePIC Blockchain Technologies Inc. 360 selected ePIC due to its scalable blockchain solutions such as its chip for bitcoin mining, according to a press release.
EPIC's mining chip is built to process bitcoin as twice the speed of the market standard. The company embraced this project due to the need for dedicated mining chips in the market, since most miners simply repurpose other chips, according to the release.
"360 Blockchain Inc. has invested $100,000 in ePIC to accelerate the development of ePIC’s purpose-built cryptocurrency mining chip," George Tsafalas, president and CEO of 360, said in the release. "ePIC has a defined focus that resonates strongly with our team. The infrastructure required to mine cryptocurrencies represents a massive business opportunity and we are focused on finding start-up technologies that can empower the blockchain revolution and deliver significant results to our shareholders."
EPIC plans to launch its mining chip in beta during the second quarter of 2018, with a general release planned for the fourth quarter of 2018.