Jack Dorsey’s Block to build an open bitcoin mining system – Reuters
- Date: 14-Jan-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
Jack Dorsey’s Block to build an open bitcoin mining system – Reuters
Jan 13 (Reuters) - Block Inc (SQ.N) Chief Executive Officer Jack Dorsey said in a tweet on Thursday that the fintech firm is building an open bitcoin mining system, as the newly re-branded company looks to expand beyond its payment business and into new technologies like blockchain.
In October, Dorsey said that Block, formerly Square, was considering building a bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. (https://reut.rs/3I4KT1C)
In a tweet thread on Thursday, Block's general manager for hardware, Thomas Templeton, laid out the company's plans about building the mining system.