Block has secured its first sale of newly developed mining chips, co-designed with ePIC Blockchain Technologies and Core Scientific’s collaboration.
Financial technology conglomerate Block has closed the first order for its new mining chips. According to a July 10 announcement, Block will supply its new 3 nanometer (3nm) mining application-specific integrated circuits (ASIC) to Bitcoin miner Core Scientific.
The companies have not disclosed the deal’s financials, but the purchase is expected to add nearly 15 exahashes per second (EH/s) of hashrate to Core’s mining capacity — currently at 24.6 EH/s.
Core Scientific and Block have been working on the new chips for the past few months, with the miner firm providing inputs for a modular platform designed to scale for mining operators.
