Block in Pact to Supply Bitcoin Mining Chip to Core Scientific

Block Inc. entered an agreement to supply its Bitcoin mining chip to Core Scientific.

• Block said Core is the first to procure the company’s new application-specific integrated circuit (ASIC) technology for large-scale mining operations
• NOTE: In April, Jack Dorsey said Block finished the development of its Bitcoin mining chip
• NOTE: May 2, Block to Flip 10% of Bitcoin Profit Into Bitcoin Investments

To contact the reporter on this story:
Will Daley in New York at wdaley2@bloomberg.net

To contact the editors responsible for this story:
Elena Popina at epopina@bloomberg.net

Michael B. Marois

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