The Block company, co-founded by Twitter creator Jack Dorsey, has made a major announcement regarding their advancements in Bitcoin mining technology. Recently, they proudly disclosed the successful development of a cutting-edge mining chip utilizing a highly efficient 3 nm process technology.
An official press release from Block revealed that the company is currently collaborating with a prominent semiconductor manufacturer to finalize the chip design. The primary objective of this collaboration is to bring Block one step closer to achieving their vision of decentralized mining. In addition to the mining chips, the company will also provide fully functional mining devices for sale.
“Full production has just begun. Our mining chip boasts the most advanced semiconductor process technology, ensuring optimal performance to support mining operations in the fifth era following the fourth halving,” stated Block executives.
Notably, Block made waves in the industry by introducing their own cryptocurrency hardware wallet called Bitkey towards the end of last year.
Isla MacKenzie covers Web3 culture, NFTs and the metaverse from Edinburgh. A former product writer at Sky and CodeBase, she has been on the BTCNews team since 2022 and runs our weekly Creators newsletter. Isla studied Digital Humanities at the University of Edinburgh and was named one of CityAM's '30 Under 30 in Crypto' in 2024. She writes about culture without losing sight of the underlying tech.
