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12ships is a blockchain based mining project (base in Korea). 12ships is currently developing an environment-friendly immersion cooling mining machine panokseon with Samsung Electronics Semiconductor as the main project. In addition to high performance and efficiency, panokseon II has no noise or dust, and is suitable for small-scale use in various places. It can be implemented in a number of industries that use heat energy to recover heat energy from operations. Through cooperation with Samsung Electronics and nexell, 12ships will continue to develop semiconductor technology and improve the performance of panokseon.