Block Plans to Launch New Bitcoin Mining Chip Next Week

PANews, August 9—Amrita Ahuja, CFO of Block, the crypto fintech company founded by Twitter co-founder Jack Dorsey, stated in an interview with CNBC that the company will launch a new Bitcoin mining chip next week, aiming to optimize the decentralized Bitcoin mining ecosystem. It is reported that several months ago, Block revealed it had completed the development of a 3-nanometer Bitcoin mining chip. In addition, Jack Dorsey also posted on the X platform, writing "Next Week" and sharing an image of mining equipment, hinting at the upcoming launch of a new product on August 14.