Block plans to release new Bitcoin mining chips next week

ChainCatcher news, Amrita Ahuja, the Chief Financial Officer of Block, a crypto fintech company founded by Twitter co-founder Jack Dorsey, stated in an interview with CNBC that the company will launch new Bitcoin mining chips next week, aimed at optimizing the decentralized Bitcoin mining ecosystem.

Months ago, Block revealed that it had completed the development of a 3-nanometer Bitcoin mining chip. In addition, Jack Dorsey also posted on the X platform "Next Week" along with an image of mining tools, suggesting that a new product will be launched on August 14.