It is reported that the company claims that it is working with an anonymous Chinese mining equipment manufacturers to produce, the latter will be the distribution hardware.
A chief executive at Samsung Electronics told the media: 'We are providing foundry business to a virtual currency mining company in China and now it is still in its infancy, and the overall casting business is still very small.'
A Samsung spokesman confirmed the news to TechCrunch. "Samsung's current foundry business is manufacturing cryptocurrencies, but we can not disclose more details about the customer."
Samsung is already working on 10-nanometer 16Gb GDDR6 DRAM chips, which have better energy efficiency and are designed to improve GPU performance and are also used for mining purposes.
This is not the first time Samsung has expressed interest in cryptocurrencies, and last October it showed a bitcoin mining cluster of 40 Galaxy S5 handsets as part of its recycling program.
Bitmain, the Chinese company, is the industry leader in mining hardware and claims to have more than 70% market share, and Beijing Jiaonan Zhi Zhi uses TSMC chips.
TSMC quarterly revenue increased 350 million to 400 million US dollars.Samsung in today's earnings conference call said it expects its foundry business will be traced to TSMC, becoming the second in the industry.