Financial technology giant Block has finalized the initial purchase of its latest mining chips. Block will deliver its cutting-edge 3nm mining application-specific integrated circuits (ASIC) to Bitcoin miner Core Scientific. Although the financial details of the deal remain undisclosed, the acquisition is set to boost Core's mining capacity by nearly 15 EH/s, currently standing at 24.6 EH/s. The collaboration between Core Scientific and Block has been ongoing for months, focusing on creating a scalable platform for mining operators. Block's Proto team spearheaded the development, aiming to advance and decentralize the mining industry. Block, led by Jack Dorsey, has ventured into Bitcoin mining solutions due to the global chip shortage. Their innovative 3nm chips promise improved efficiency and reduced energy consumption, addressing the challenges of BTC mining technology dominance by a few corporations. Block's commitment to open-source mining technology signifies a significant shift in the industry. Read more AI-generated news on: https://app.chaingpt.org/news