Jack Dorsey’s Block Snaps Up BTC Mining Chip as Intel Winds Down Production

Bankrupt Crypto Lender BlockFi Given Go-Ahead for Sale of $4.7M of Mining Rigs

Block recently jumped on the opportunity to buy a large quantity of these ASICs from Intel, it said in a Friday blog post. The firm was planning on finalizing its design of a 5 nanometer chip for bitcoin mining this quarter, and build machines based on that. The purchase means that the team can focus exclusively on the 3 nanometer design, the post said.

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