today, Block Co., Ltd. (NYSE: SQ) and Core Scientific (Nasdaq: CORZ) have announced a new partnership focused on further decentralizing mining hardware. The collaboration will see the deployment of advanced three-nanometer (3nm) mining ASICs developed by Block’s Proto team into Core Scientific’s large-scale mining operations.
Bitcoin mining leader Core Scientific is the first to integrate Block’s new ASIC technology into its operations. The 3nm chip will deliver a hashrate of approximately 15 EH/s (exahash per second), making it one of the industry’s most significant contracts by hashrate volume.
“This agreement is a great example of our vision for our mining products to drive development and decentralization of the mining industry,” said Thomas Templeton, Proto team leader at Block. “Core Scientific is known for their 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, bespoke mining solution powered by our ASICs.”
The Proto team designed a modular mining platform around ASIC chips to improve efficiency, reliability and uptime, with an emphasis on sustainability by integrating with existing infrastructure, simplifying infrastructure demands and optimizing operational resources in data centers, according to a press release sent to Bitcoin Magazine.
“We have worked closely with The Bloc’s team to develop next-generation mining technology that not only supports plans for significant hashrate increases within the existing infrastructure, but also provides more miner options for all mining companies,” explained Russell Kang, Chief Development Officer at Core Scientific. “Together, The Bloc and Core Scientific are working to define a new paradigm for large-scale Bitcoin mining, designed to deliver significant operational benefits while contributing to the life and vitality of the Bitcoin network.”
The Proto team partnered with ePIC Blockchain Technologies to co-design a modular platform to ensure compatibility with Core Scientific’s infrastructure. Earl Mai, CTO of ePIC Blockchain Technologies, highlighted the collaboration’s commitment to redefining efficiency and reliability in large-scale operations.
“By integrating Block’s cutting-edge ASIC chips with a view to integrating them into Core Scientific’s advanced infrastructure, we will be able to deliver a modular mining platform that redefines expectations for efficiency and reliability in large-scale operations,” Mai said.
Proto’s primary goal is to make the Bitcoin network more decentralized, transparent and resilient. This is achieved through open and transparent development of mining chips, systems and software solutions, including the Mining Development Kit (MDK), currently in beta. The agreement with Core Scientific marks a step towards decentralizing mining by enabling third parties to build customized solutions using Proto’s mining chips.
For more details about Block and Core Scientific’s agreement, please see below. Mining Build.
