Core Scientific, a large U.S.-based bitcoin mining and hosting provider, and Block, a leading financial services firm, have partnered in a project to integrate the first 3nm bitcoin mining chips produced by the latter. Core Scientific will receive 15 exahash per second (EH/s) of Block’s mining ASIC chips, with the possibility of ordering additional silicon if needed.
Core Scientific Partners With Block to Receive 15 EH/s in New Bitcoin Mining ASICs
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
Core Scientific Becomes First Block Partner, Will Receive 15 EH/s In New Bitcoin Mining Chips
Core Scientific, one of the largest bitcoin mining and hosting providers in the U.S., has partnered with Block, a financial services company, to be the first one to receive their new 3nm bitcoin mining chips. The disclosed agreement involves the delivery of 15 EH/S (exahash per second) of hash rate in these new Application Specific Integrated Circuits (ASICs), which were designed in-house by the Proto team at Block.
As part of this agreement, Core Scientific is collaborating with Block in designing a modular platform with the participation of Epic Blockchain technologies. This modular approach seeks to “simplify infrastructure demands and optimize the use of space and operational resources within data centers such as those operated by Core Scientific,” according to statements from Block.
In addition, this structure will allow the reuse of non-ASIC elements and maintain compatibility with the current hardware stack. With this launch, Block seeks to decentralize the bitcoin mining ASIC market, allowing third parties to build their solutions and integrate their chips into these new designs.
Thomas Templeton, lead of the Proto team at Block, stated:
By adopting this approach, we aim to foster innovation and significantly expand the bitcoin mining hardware ecosystem. We are excited to see more projects of different types and sizes become possible with access to our vertically integrated hardware systems.
This hints at a possible integration of these chips in other designs coming from other third parties in the future.
The partnership also allows Core Scientific to require more of these chips in “significant volume,” and is one of the largest agreements of this kind in hashrate announced.
What do you think about Core Scientific’s and Block’s partnership? Tell us in the comments section below.
