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Jack Dorsey's Block reveals its own bitcoin mining system

Shortpedia

Content Team
Image Credit: newsbytes

Block, previously known as Square and led by Jack Dorsey, is expanding its operations in the bitcoin mining sector. The tech giant announced on Tuesday that it has successfully developed a standalone three-nanometer bitcoin mining chip. The design phase is currently in progress with a leading global semiconductor foundry. Block also plans to extend its project to include system design, aiming to democratize access to bitcoin mining.