SQ - Jack Dorsey's Block Makes Historic Bitcoin Mining Chip Sale To Core Scientific: 'Our First Mining Chip Customer!' | Benzinga
Block Inc. (NYSE:SQ), the financial technology firm helmed by Jack Dorsey, has made its first sale of 3 nanometer (3nm) mining ASICs to leading Bitcoin (CRYPTO: BTC) miner Core Scientific Inc. (NASDAQ:CORZ).
What Happened: According to a press release from Wednesday, Core Scientific will purchase 15 exahashes per second (EH/s) worth of chips from Block, becoming the first major Bitcoin mining company to procure the new mining technology
The agreement was labeled as one of the largest Bitcoin mining ASIC deals in the industry in terms of hashrate.
our first mining chip customer! https://t.co/JgdTEa8Cdj — ...