Zahrani Group Allocates Funding to Design and Manufacture New ASIC Chips

December 10, 2014

Zahrani Group have announced the funding of their new “Fintech” division with a view to designing, developing and marketing a new generation of ASIC (application-specific integrated circuit) chips and cryptocurrency mining systems. This is something of a departure from Zahrani Group’s core business which is historically more based around real estate development and fund management than cutting edge tech hardware, but following their appointment last year of Mr. Koji Tanaka – well known in the world of fintech and blockchain development – the company has been actively getting more involved in technology projects and the funding thereof.

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Mr. Tanaka said, “We have spent the last few months taking on new staff and sourcing hardware for our new mining operations, but have come to the conclusion that the best way forward is to build our own hardware and to manufacture our own chips. We have an incredible crew of designers and engineers on board now, and can’t wait to get started. We already have some pretty radical new ideas to improve hashing rates and efficiency down on paper – now it’s time to put them into practice.”

The Zahrani Group specialises in large-scale property development, management and investment projects, and new fintech development. The Zahrani Group is constantly focusing on identifying areas in the financial landscape ripe for new development and investment, utilising the resulting opportunities to generate multiple income streams whilst also providing participation in healthy capital growth without compromising the security of the initial investment. For further information please visit www.zahranigroup.com