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Updated on: Friday, January 14, 2022, 09:39 AM IST

Jack Dorsey's Block to build open bitcoin mining system: Report

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/ Representative Image | | File Image

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/ Representative Image | | File Image

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Block Inc 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, Reuters said.

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.

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Published on: Friday, January 14, 2022, 09:39 AM IST
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