Block plans to release new Bitcoin mining chips next week

According to a report by Golden Finance, Amrita Ahuja, CFO of Block, a cryptocurrency fintech company founded by Twitter co-founder Jack Dorsey, stated in an interview with CNBC that the company will launch a new Bitcoin mining chip next week, aimed at optimizing the decentralized Bitcoin mining ecosystem. According to Block's disclosure a month ago, they have completed the development of a 3-nanometer Bitcoin mining chip. In addition, Jack Dorsey also posted on X platform "Next Week" with pictures of mining tools, implying that a new product will be launched on August 14th.