Core Scientific Becomes First Block Partner, Will Receive 15 EH/s In New Bitcoin Mining Chips

Core Scientific, one of the largest bitcoin mining and hosting providers in the U.S., has partnered with Block, a financial services company, to be the first one to receive their new 3nm bitcoin mining chips.

Core Scientific, a major U.S.-based bitcoin mining and hosting provider, has partnered with Block, a leading financial services firm, in a project to integrate the first 3nm bitcoin mining chips produced by the latter.

Core Scientific will be the first to receive Block’s new bitcoin mining chips, with an order of 15 exahash per second (EH/s) of the mining ASIC chips, and the possibility of ordering additional silicon if needed.

Core Scientific to Receive First Batch of Block’s 3nm Bitcoin Mining Chips, at 15 EH/s

Core Scientific, one of the largest bitcoin mining and hosting providers in the United States, has partnered with Block, a financial services firm, to be the first recipient of their new 3nm bitcoin mining chips. The disclosed agreement entails the delivery of 15 EH/S (exahash per second) of hash rate in these new Application Specific Integrated Circuits (ASICs), which were designed in-house by the Proto team at Block.

As part of this deal, Core Scientific is working with Block to develop a modular platform with the involvement of Epic Blockchain technologies. According to statements from Block, this modular approach aims to “simplify infrastructure demands and optimize the use of space and operational resources within data centers such as those operated by Core Scientific.”

Furthermore, this design will enable the reuse of non-ASIC components and ensure compatibility with the existing hardware stack. With this launch, Block aims to decentralize the bitcoin mining ASIC market, opening the door for third parties to develop their solutions and integrate their chips into these new designs.

Thomas Templeton, lead of the Proto team at Block, said:

“By adopting this approach, we aim to foster innovation and significantly expand the bitcoin mining hardware ecosystem. We are excited to see more projects of different types and sizes become possible with access to our vertically integrated hardware systems.”

This suggests that other third-party designs might be able to incorporate these chips in the future.

The partnership also enables Core Scientific to request more of these chips in “significant volume,” and it marks one of the largest agreements of this nature in hashrate.

What are your thoughts on Core Scientific’s and Block’s partnership? Let us know in the comments section below.