It turned out that Block, a fintech startup owned by Twitter founder and former owner Jack Dorsey, is seizing an important opportunity in the crypto industry. blockpurchased a large number of processors designed for mining from chip maker Intel.
Intel, one of the world’s largest hardware equipment manufacturers, last week crypto miners He had made a gruesome decision. The company’s decision to end the production of integrated chips designed specifically for crypto miners in 2024 had a great impact in the industry.
Block, who wanted to engage in crypto mining, took this opportunity and agreed with Intel. According to a blog post, the fintech company may launch chips with 5 nanometer fabrication technology in the medium term. bitcoin It aimed to produce mining equipment.
Block will take his productivity a step further by taking advantage of the 3 nanometer equipment opportunity that Intel has stopped production. Chips produced with low transistor size function less energy and more utility.
Speaking to the crypto press, Block manager Thomas Templeton stated that they aim to start selling mining equipment in the 1st quarter of 2024.
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