GRIID, a U.S. infrastructure company that is one of the first recipients of Intel’s upcoming “Bonanza Mine” chip, filed with the U.S. Securities and Exchange Commission (SEC/US Securities and Exchanges Commission) The incoming Bitcoin mining tools offer considerable efficiencies comparable to the current market leaders.

Intel’s second-generation Bonanza Mine (BMZ2) bitcoin mining rig is expected to reach a hashrate of 135 terahertz per second (TH/s) and an efficiency of 26 joules per terahertz (J/TH). By comparison, the competing miner Antminer S19 Pro delivers 30 Joules per Terahertz (J/TH) at 110 terahertz per second (TH/s) of computing power.

Given that Intel’s mining rig will be 50% cheaper than the rival S19 Pro miner while being 15% more efficient, it will boost gross profit by 130%, GRIID said in its investor presentation.

However, the BMZ2 miner failed to beat Bitmain’s Antminer S19j XP, which can deliver 140 TH/s of computing power and an efficiency of 21.5 J/TH.

At the time, the company detailed details of its first-generation mining chips, which were not shipped to customers. Instead, the company’s second-generation Bonanza Mine chips are on the way, but for now these chips are still shrouded in mystery.

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