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Today, Block, Inc. (NYSE: SQ) and Core Scientific (Nasdaq: CORZ) have announced a new partnership focused on further decentralizing mining hardware. This collaboration introduces Block’s advanced 3-nanometer (3nm) mining ASICs, built by its Proto team, to Core Scientific’s large-scale mining operations.
bitcoin mining leader Core Scientific is now the first to integrate Block’s new ASIC technology into its operations. These 3nm chips, representing approximately 15 EH/s (exahashes per second) of hash rate, mark one of the industry’s largest deals by hash rate volume.
“This agreement is a great example of how we envision our mining products will drive the advancement and decentralization of the mining industry,” said Block Proto Team Leader Thomas Templeton. “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 mining solution leveraging our ASICs.”
The Proto team has designed a modular mining rig around its ASIC chip to improve efficiency, reliability, and uptime. According to a press release sent to bitcoin Magazine, this aims to simplify infrastructure demands and optimize operational resources in data centers, focusing on sustainability through integration with existing infrastructure.
“We’ve been working closely with the team at Block to develop the next generation of mining technology that not only helps support our significant hash rate growth plans within our existing infrastructure, but also gives all mining companies more mining options,” explained Core Scientific’s Chief Development Officer Russell Cann. “Together, Block and Core Scientific are working to define a new paradigm for bitcoin mining at scale, 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 designed the modular platform, ensuring 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 an eye toward 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,” Mai 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 marks a step towards decentralizing mining by allowing third parties to build custom solutions using Proto’s mining chips.
For more information on Block's agreement with Core Scientific, please visit mining.construction.
