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Cryptocurrency News Articles
Block Inc. Sells Its First 3nm Mining Chips to Core Scientific, Revolutionizing Bitcoin Mining Technology
Jul 20, 2024 at 12:16 am
In a huge move for the Bitcoin BTC/USD mining industry, Block Inc. SQ, spearheaded by Jack Dorsey, has sealed its first sale of cutting-edge three-nanometer (3nm) mining chips to Core Scientific Inc. CORZ.
Block Inc. (NYSE:SQ) has sold its first batch of three-nanometer (3nm) mining chips to Core Scientific Inc. (NASDAQ:CORZ) in a move that will significantly bolster Core Scientific's position in the Bitcoin mining industry.
The deal, which involves 15 exahashes per second (EH/s) of mining power, will propel Core to the forefront of companies adopting the latest mining technology, Block said in a statement on Wednesday.
The collaboration between Block and Core aims to improve the efficiency and scalability of Bitcoin mining operations.
“Our partnership with Block marks a new standard in the industry, providing substantial operational benefits and supporting the sustainability of the Bitcoin network,” said Russell Cann, chief development officer at Core.
The partnership comes as the Bitcoin mining industry awaits Benzinga's Future of Digital Assets event in November in New York City.
The event will feature a premier gathering of digital asset companies and institutional investors.
Attendees will engage with leaders from pioneering companies advancing Bitcoin mining technology, among other key industry segments.
With over 4,000 one-on-one meetings scheduled, the event will connect participants with the people and trends shaping the future of money.
Block's entry into the high-performance mining chip market is a major development in the Bitcoin mining industry.
By making advanced mining technology more accessible, Block aims to broaden participation in the mining process.
Jack Dorsey, co-founder and former CEO of Block, has expressed optimism that Bitcoin will reach $1 million by 2030, highlighting the transformative potential of collaborations like this one.
Following the announcement, Core shares rose 2.2% to close at $9.77, while Block stock saw a marginal decline, closing down 0.26% at $64.34.
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- Consensus 2026 Miami: Web3, Blockchain, Cryptocurrency, NFTs, Metaverse, Conference, May 5th — Where Wall Street Meets the Digital Frontier
- May 01, 2026 at 11:27 pm
- Miami buzzes as Consensus 2026 approaches on May 5th, highlighting Web3, blockchain, crypto, NFTs, and the metaverse's shift from hype to institutional and sustainable reality.
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- Bitcoin Miners Electrify the Grid: Ohio Gas Plant Acquisition Powers Up a New Era for Digital Gold
- Apr 30, 2026 at 10:38 pm
- The Bitcoin mining industry is undergoing a significant transformation, with major players aggressively expanding operations and strategically acquiring energy assets like Ohio gas plants to solidify their future in the digital economy.
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- Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
- Apr 30, 2026 at 09:08 pm
- Solana is struggling to break key resistance, signaling potential downside. Repeated rejections at $86-$88, coupled with a broken short-term pattern, point to targets as low as $67, or even $40, as sellers maintain control. Investors should watch critical support levels closely.
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- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
- Apr 30, 2026 at 03:02 pm
- From lucrative USD1 earning events to robust governance models, the crypto sphere is buzzing with innovations reshaping how we engage with digital assets, focusing on long-term commitment and stablecoin utility.
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- OKX Unveils Agent Payments Protocol: Ushering in a New Era of AI Transactions
- Apr 30, 2026 at 02:53 pm
- OKX launches its Agent Payments Protocol (APP), an open standard for AI-driven commerce, enabling agents to manage full business cycles. Explore the implications for AI transactions and agentic payments.
