Block (SQ) Finishes Development of Bitcoin Mining Chip - Bloomberg
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Jack Dorsey’s Block Finishes Development of Bitcoin Mining Chip

  • The chip to be one of the the most advanced to mine Bitcoin
  • Mining machine makers have nabbed big profits from bull run

Jack Dorsey

Photographer: Eva Marie Uzcategui/Bloomberg
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Digital payments company Block Inc., formerly known as Square, has finished the development of its Bitcoin mining chip as Chief Executive Jack Dorsey continues to advocate for a more accessible and decentralized system — an effort he’s championed since 2021.

The three-nanometer chip could be a major player in the fast-growing mining industry because such chips are a key component in creating some of the most advanced computers.

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