Rumors of Samsung's ventures in mining date back to last October when the company unveiled a bitcoin mining rig composed of old Android smartphones at a U.S. developer's conference.
The reports have been somewhat contradictory, and it is unclear if the company has multiple partnerships in the works. In December, The Investor – another South Korean news outlet – reported that Samsung had partnered with a Russian bitcoin mining company called Baikal to produce ASICs, the production of which was also set to commence in January.