LightFieldStudios
- Core Scientific (NASDAQ:CORZ) will be the first customer for Block’s (NYSE:SQ) new bitcoin mining chip, as part of a project to decentralize the bitcoin mining ecosystem, the companies said on Wednesday.
- Block (SQ) will supply its new 3-nanometer mining ASICs, built by its Proto team, representing 15 exahashes per second (EH/s) of hashrate. The agreement provides the option for additional, significant volume.
- To support its mission to democratize bitcoin mining, the Proto team at Block (SQ) is developing a modular mining platform around its ASIC mining chip as part of an integrated bitcoin mining solution designed to offer improved efficiency, reliability, and uptime in large-scale mining operations over existing mining system designs, the company said.
- Block (SQ) stock rose 0.7%, and Core Scientific (CORZ) stock jumped 4.3% in Wednesday premarket trading. Bitcoin (BTC-USD) rose 1.5% to ~$58.2K as of 9:14 AM ET.
