today, Block, Ltd. Block (NYSE: SQ) and Core Scientific (Nasdaq: CORZ) have announced a new partnership focused on increasing the decentralization of mining hardware. The collaboration brings Block’s advanced 3nm ASIC mining hardware, built by their Proto team, to Core Scientific’s large-scale mining operations.
Core Scientific, a leading Bitcoin mining company, has become the first to integrate Block’s new ASIC technology into its operations. These 3nm chips, which represent approximately 15 exahashes per second in hashrate, represent one of the most significant protocols in the industry in terms of hashrate volume.
“This agreement is a great example of how we envision our mining products to drive progress and decentralization in the mining industry,” said Thomas Templeton, Head of Proto Team at Block. “Core Scientific is known for its high standards of operational excellence, advanced infrastructure, and deep mining expertise. We are excited to break new ground by partnering with a leading mining operator to build a unique, custom-designed mining solution that leverages our ASICs.”
The Proto team has designed a modular mining platform around their ASIC chip to enhance efficiency, reliability, and uptime. According to a press release sent to Bitcoin Magazine, this aims to simplify infrastructure requirements and optimize operational resources in data centers, with a focus on sustainability through integration with existing infrastructure.
“We have been working closely with the team at Block to develop the next generation of mining technology that not only helps support our massive hashrate growth plans within our existing infrastructure, but also provides all mining companies with more mining options,” explained Russell Kahn, Chief Development Officer at Core Scientific. “Together, Block and Core Scientific are defining a new model for large-scale Bitcoin mining, one that is designed to deliver significant operational benefits while contributing to the longevity and vitality of the Bitcoin network.”
In collaboration with ePIC Blockchain Technologies, the Proto team co-designed the modular platform, ensuring compatibility with Core Scientific’s infrastructure. Earl May, CTO of ePIC Blockchain Technologies, highlighted the collaboration’s commitment to redefining efficiency and reliability in large-scale operations.
“By integrating Block’s advanced ASIC chips with a focus on integration into Core Scientific’s advanced infrastructure, we are poised to deliver a modular mining platform that redefines expectations for efficiency and reliability in large-scale operations,” May said.
Proto’s primary goal is to increase the decentralization, transparency, and resilience of the Bitcoin network. This is achieved through the open and transparent development of mining chips, systems, and software solutions, including the Mining Development Kit (MDK), which is currently in beta. The agreement with Core Scientific represents a step towards decentralizing mining by enabling third parties to build custom solutions using Proto’s mining chips.
For more information about Block’s agreement with Core Scientific, visit: Mining.Construction.