Jack Dorsey’s company Block plans to release new Bitcoin mining chips next week. The goal is to make Bitcoin mining easier and more accessible for everyone.
Block’s Proto Mining team has developed a three-nanometer chip that uses less energy and improves mining efficiency. The company wants to support a more decentralized Bitcoin network by offering advanced mining hardware.
Block is also growing its Bitcoin services through Cash App. So far, eight million users have bought or sold Bitcoin on the platform. Block aims to expand Bitcoin payments for Square sellers, with thousands already signed up.
Block’s chief financial officer, Amrita Ahuja, said Bitcoin could grow beyond being just “digital gold” and become a widely used currency. She added, “Bitcoin can power money for the internet and help money move faster across borders.”
Jack Dorsey recently hinted about the chip launch on X and has also launched Bitchat, a new decentralized messaging app focused on Bitcoin.
