Transphorm’s GaN Products Meet Crypto Mining Power Supply Units Performance Requirements

Rhea-AI Summary

Transphorm, Inc. (OTCQB: TGAN) has announced that its gallium nitride (GaN) power conversion devices are tailored for the increasing demand in cryptocurrency mining, specifically Bitcoin. The company is the first high voltage GaN supplier to confirm that its products are actively used in crypto mining. As Bitcoin mining consumes over 121.36 terawatt hours of electricity annually, Transphorm aims to provide efficient power solutions to mitigate energy waste. The firm's GaN FETs promise high efficiency and reliability in challenging environments, addressing the significant power needs of mining operations.

Positive

• Transphorm's GaN FETs are designed for high efficiency and reliability in power applications.
• First high voltage GaN supplier to confirm customer products in production for crypto mining.

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• None.

Transphorm, Inc. (OTCQB: TGAN)—a pioneer in and global supplier of high reliability, high performance gallium nitride (GaN) power conversion products, announced today that its device portfolio is optimally designed and proven to support the growing demand for high performing power supply units (PSUs) driving the mining of cryptocurrencies such as Bitcoin.

(Photo: Business Wire)

The Company’s GaN FETs are proven to reliably perform under harsh environments with high efficiency in various power applications, thereby minimizing wasted electricity. Transphorm is the only high voltage GaN supplier to date to publicly announce a customer’s products currently in production are known to be used for crypto mining purposes.

The Bitcoin Power Problem

Crypto mining is a power-hungry process involving heavy computation to verify transactions. Recent research from Cambridge University indicates that Bitcoin mining alone consumes approximately 121.36 terawatt hours (TWh) of electricity per year, which equates to more electricity than the entire country of Argentina uses. This high power draw is logically why, for example, Tom’s Hardware reviewers identify the power supply as “the component that takes the most stress in a cryptocurrency mining rig.”

To meet the performance demand, the often-sourced Cybenetics requirements for mining-ready PSUs recommends baseline operational and support specifications to include:

• Minimum one-year warranty for the ability to operate 24/7 under full load at temperatures ranging between 30^oC to 35^oC
• 230VAC input capability to achieve 1 to 2% higher efficiency

The previously referenced Tom’s Hardware review identifies the CORSAIR AX1600i as the choice PSU to support crypto mining as it meets an

FAQ

What is Transphorm's role in cryptocurrency mining?

Transphorm provides gallium nitride (GaN) power conversion products that support high-performance power supply units used in cryptocurrency mining.

How much electricity does Bitcoin mining consume?

Bitcoin mining consumes approximately 121.36 terawatt hours (TWh) of electricity per year, exceeding the consumption of the entire country of Argentina.

What advantages do Transphorm's GaN FETs offer for power supply units in mining?

Transphorm's GaN FETs offer high efficiency and reliability, minimizing electricity waste under harsh conditions, which is crucial for the energy-intensive process of crypto mining.

Why is power supply important in cryptocurrency mining?

Power supply units are critical in cryptocurrency mining as they endure the most stress, impacting the overall efficiency and performance of mining rigs.