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.