/ -- 4NEW Ltd has signed a contract with Evolution Global AS, a provider of a new innovative Bitcoin mining solution, to site their mining rigs at low cost energy production sites globally. The Evolution Global mining rigs are expected to have a 75% energy saving compared to other mining rig providers, which will lead to a much lower cost of Bitcoin production. (Logo: https://ift.tt/2u5CWFv ) On signing the deal Varun Datta, founder and director of 4NEW Ltd, stated, "We are extremely happy to have managed to close this deal which represents and upholds the values of 4NEW and integrates extremely well in his vision of a lower cost of energy to produce Bitcoin. The deal will allow 4NEW to position itself as a truly eco-friendly producer of bitcoin." Evolution Global's new chip represents a new leap in both energy consumption and speed. The current set-up has been designed with leading chip designers from USA and the ASICs are expected to be in production .
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