Jack Dorsey says that his payments company, Block (formerly Square), is expanding its bitcoin mining ambitions from designing chips to developing a full bitcoin mining system.
"Building on these insights and pursuant to our goal of supporting mining decentralization, we plan to offer both a standalone mining chip as well as a full mining system of our own design."
"Mining isn't accessible to everyone," Dorsey wrote when Block first entered the business of building mining hardware in 2021.
"Bitcoin mining should be as easy as plugging a rig into a power source.
The company was light on the details in this latest announcement, but Dorsey posted in 2021 that the company was considering a "bitcoin mining system based on custom silicon."
Persons:
Jack Dorsey, We've, Dorsey, Block, Thomas Templeton
Organizations:
Mining
Locations:
China, Kenya, Malawi, Zambia