Squire Mining Ltd. announced Gaonchips as design house and Samsung Electronics as chosen foundry partner to manufacture ASIC chips in Korea. Front-end development team of engineers and programmers is currently working with Gaonchips to develop the Company's initial ASIC chip to mine Bitcoin Cash, Bitcoin, and other associated cryptocurrencies using a wafer process technology that, once confirmed and accepted as meeting certain prescribed specifications and criteria, will form the basis of an initial mass production test run of the ASIC chip by Samsung Electronics. In addition, once a working FPGA prototype of initial ASIC chip is developed, the company will be able to aggressively accelerate the design and development of initial mining rig for Bitcoin Cash, Bitcoin, and associated cryptocurrencies.