Block Completes First Order of Mining Chips to Core Scientific

Block has completed the first order of 3nm mining ASICs to Core Scientific, expected to increase Core’s mining capacity by 15 EH/s.

Points

• Block delivered 3nm mining ASICs to Core Scientific.
• Core’s mining capacity is anticipated to increase by roughly 15 EH/s.
• The collaboration between Block and Core Scientific aims to enhance the decentralization and progress of the mining sector.
• Block’s mining solutions include open-source technology and standalone ASICs.

Block has successfully completed the first order of 3nm mining ASICs to Bitcoin miner Core Scientific. This order is expected to boost Core’s mining capacity by approximately 15 EH/s, adding to its existing capacity of 24.6 EH/s.

For several months, Block and Core Scientific have collaborated on the development of these new chips. Block’s Proto team, responsible for the company’s mining tools and wallet, spearheaded this effort. The collaboration exemplifies Block’s commitment to enhancing the decentralization and progress of the mining sector.

Starting in October 2021, Block began creating its own semiconductor chips, aiming to sell standalone ASICs and other hardware components while making its mining technology open-source. By early 2023, Block had completed the design of a prototype for a 5nm Bitcoin mining chip.

Explanation

• ASIC （Application-Specific Integrated Circuit）: A type of microchip designed for a specific application, such as Bitcoin mining, offering higher efficiency and performance.
• EH/s （Exahashes per second）: A measure of computational power used in cryptocurrency mining, representing one quintillion （10^18） hashes per second.
• Open-Source Technology: Software or hardware whose design is made publicly available for anyone to use, modify, and distribute.

Block’s delivery of advanced mining ASICs to Core Scientific marks a significant milestone in their collaboration, enhancing the capabilities and decentralization of the Bitcoin mining industry.