Bitech Technologies Corporation completed the FPGA (Field Programable Gate Array) design for its Intellisys-8 chip and is now proceeding with field testing. In parallel, the Company has initiated ASIC production initiatives for its Intellisys-8, a 5 nanometer ASIC chip for bitcoin mining and data centers, through partnerships in Vietnam. The Bitech Intellisys-8 development achievements include the ASIC chip code and FPGA components that will be used to complete the next phase of ASIC production after the completion of testing and tape-out.

With this ASIC, the Company's goal is to develop an energy efficient immersion-cooled bitcoin mining system that utilizes less than 50% of energy consumed by conventional air-cooled systems. These bitcoin mining systems currently make up over 90% of the global bitcoin mining fleet.