According to BlockBeats, on July 10th, Block, Inc., a mobile payment company led by Jack Dorsey, and Core Scientific announced an agreement. Under this agreement, Block, Inc. will provide Core Scientific with its new 3nm mining ASIC. This ASIC, developed by Block's Proto team, is equivalent to approximately 15 EH/s of hash rate.
Block, Inc., formerly known as Square (SQ), is a prominent player in the mobile payment industry. The company's new 3nm mining ASIC represents a significant advancement in the field of cryptocurrency mining. This technology will be supplied to Core Scientific (CORZ), a leading provider of blockchain hosting and digital asset mining equipment.
The agreement between Block, Inc. and Core Scientific marks a significant step in the ongoing development of the cryptocurrency mining industry. The new 3nm mining ASIC, with its high hash rate, is expected to enhance the efficiency and productivity of Core Scientific's mining operations.
This collaboration between Block, Inc. and Core Scientific is a clear indication of the growing interest and investment in the field of cryptocurrency mining. It also highlights the continuous efforts of companies like Block, Inc. to develop advanced technologies that can drive the growth of this industry.
