Block Sells First 3nm Mining ASICs to Major Bitcoin Miner Core Scientific

Block's first customer for its 3nm mining ASICs is Core Scientific, a major Bitcoin mining firm. The deal marks a significant milestone in the history of Bitcoin mining, with Block CEO Jack Dorsey being hailed as a visionary.

The chips, developed by Block's Proto team, boast a capacity of 15 exahashes per second (EH/s) and will boost Core Scientific's hash rate by 60% compared to June 2024 levels. The agreement also allows for additional volume, underscoring the partnership's potential.

Russell Cann, Chief Development Officer at Core Scientific, believes this collaboration will 'define a new paradigm for scaled Bitcoin mining,' and that it will benefit operations while strengthening the Bitcoin network.