Block Inc. Achieves Breakthrough in Bitcoin Mining with Chip Development

Block Inc., formerly known as Square, has successfully completed the development of its highly anticipated Bitcoin mining chip. This significant milestone marks a major step in the company’s mission to enhance the accessibility and decentralization of the Bitcoin ecosystem. The three-nanometer chip, a technological marvel, will power specialized computers dedicated to Bitcoin mining and sets a new standard for the industry. Block Inc.’s dedication to innovation is further exemplified by its ongoing development of a comprehensive Bitcoin mining system.

Block Expands Bitcoin Mining Ambitions, Developing Full System Design

Block (formerly Square), led by Jack Dorsey, is expanding its bitcoin mining ambitions beyond custom chips to include the development of a complete bitcoin mining system. This move aims to democratize access to bitcoin mining, decentralize the hardware supply, and distribute hashrate more evenly. Block is working with a global semiconductor foundry to design its standalone three-nanometer bitcoin mining chip and plans to offer both the chip and a full mining system of its own design.

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