Block and Core Scientific Partner to Help Decentralize Bitcoin Mining with New ASIC Chips

Today, Block, Inc. (NYSE: SQ) and Core Scientific (Nasdaq: CORZ) have announced a new partnership focused on further decentralizing mining hardware. This collaboration introduces Block’s advanced 3 nanometer (3nm) mining ASICs, created by their Proto team, to Core Scientific’s large-scale mining operations.

Core Scientific, a leader in Bitcoin mining, is now the first to integrate Block’s new ASIC technology into their operations. These 3nm chips, representing approximately 15 EH/s (exahashes per second) of hashrate, mark one of the most significant agreements in the industry by hashrate volume.

“This agreement is a good example of how we envision our mining products pushing forward…

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