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Squirrels Research Labs Announces Acorn Cryptocurrency Acceleration Hardware

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NORTH CANTON, Ohio, July 12, 2018 (GLOBE NEWSWIRE) -- Squirrels Research Labs today announced Acorn, a new hardware component that improves efficiency and effectiveness of cryptocurrency mining.

"We developed a piece of hardware called Acorn that increases the effectiveness of existing GPU mining operations without adding a significant cost," Squirrels president David Stanfill said. "This is a brand new concept that's never been done before."

Acorn works in sync with GPUs to offload work that typically creates bottlenecks in mining. It performs the work much faster, resulting in an increase in overall mining efficiency.

Initially three models will be available: CLE-101, CLE-215 and CLE-215+. Each model uses high-performance FPGA chips from Xilinx Inc. (NASDAQ:XLNX) in an M.2 slot to perform the least GPU-efficient parts of cryptocurrency mining.

All Acorn models work with memory-intensive algorithms like Ethash and CryptoNight V1. The 215 and 215+ models work with both memory-intensive and core-intensive algorithms like LyraREv2 and X16r. Acorn CLE-215+ utilizes 30 percent more FPGA performance for the most efficient power-to-hash-rate ratio.

The three models are priced to show a quick return on investment for GPU miners at $199.99, $299.99 and $329.99 USD respectively.

Acorn requires the use of the free, multi-algorithm SQRL mining software, SQRL Miner. SQRL Miner combines the best parts of other mining software in one place and allows for quick-glance operation monitoring. While it's designed to work specifically with Acorn and Acorn-accelerated CPU and GPU hardware, it can be used without Acorn hardware.

"We want Acorn to be useful for anyone mining with GPUs," Stanfill said. "We've created shared bitstreams, open specifications and open APIs. We're already seeing a thriving community, and we're excited for what that will bring as it continues to flourish."

Preorders begin Friday, July 13, with shipments beginning in August.

"Acorn is only the beginning of many firsts to come from SQRL," Stanfill said. "We already have other products in development and are beginning to see demand."

About Squirrels Research Labs
Squirrels Research Labs, SQRL, is a sister company of Squirrels LLC under the Squirrels Inc. umbrella. SQRL focuses on hardware development and research projects that contribute to the overall success of the Squirrels brand. Learn more at http://squirrelsresearch.com.

Sidney Keith
Squirrels Inc.
press@airsquirrels.com
O: 855-207-0927 ext. 7001

Photos accompanying this announcement are available at

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Squirrels LLC via Globenewswire

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