Innomina G32 Series Product Status Update

Dear G32 customers,

I am very happy to share with you the latest progress of the G32 Grin mining machine. After working day and night, this extremely challenging Grin G32 innovative chip, the only one in the world that is compatible with the CC31/32 algorithm, has finally entered mass production. The product performance should be able to fully meet the design expectations. It is the only product in the world that will not be affected by the evolution of the algorithm in the next two years. The ultra-long life cycle is far longer than any GPU on the market. However, due to the high difficulty of Grin G32 GPU chip design and the inability to FPGA verification, in order to ensure a successful first time, the verification cycle takes 2 to 3 months longer than the original plan. Of course, the development of chips at this level of difficulty is already very fast, and the outbreak of 5G wafers has encountered. The advanced process manufacturing capacity is very tight and needs to be queued, which will cause the delivery to be later than expected. We apologize for this. The specific scheduled customer batch delivery time will be confirmed and updated to everyone before September 30.

So far, we have limited the number of early discount pre-sale orders. All known competing companies have withdrawn from R&D and mass production due to technical difficulties and other reasons. There are no other competing models in the market and the prospects are very good, so the benefits of every customer who owns G32 can be guaranteed.

Since the final chip size and cost are higher than expected, the price of the G32 series machines has been raised by 25% across the board since August. For customers who have already made reservations, they can avoid the impact of price adjustments and enjoy a discount that is more favorable than the original market price. If our delivery is delayed for more than 30 days (subject to the delivery date promised in the contract), we support customers who have made reservations to cancel their orders and apply for a full refund; for customers who choose to continue waiting, thank you for your trust and support, your order will continue to be queued according to the payment time and shipped in time, which is equivalent to getting the most advantageous and uncompetitive Grin ASIC mining machine at the lowest price. In addition, you can rest assured that we will not keep the machines for ourselves, and will arrange shipment to customers who have made reservations as soon as they are produced (in the order of payment).

Thank you again for your patience and support.

Innosilicon Marketing Department

September 3, 2019