Jack Dorsey Upbeat On Block’s Bitcoin Mining Chip Delivery In H2 2025, Sees ‘Huge Opportunity’ As China Tariffs Disruption Looms
Jack Dorsey, CEO of Block Inc. (NYSE:XYZ), expressed excitement about the upcoming delivery of the firm’s first Bitcoin (CRYPTO: BTC) mining hardware on Thursday, developed as part of its mining products suite, Proto.
What Happened: During the company’s first-quarter earnings call, Dorsey confirmed that Block was on track to deliver the mining chips and systems in the second half of the year.
“And the reason we’re so excited is because we’ve seen this huge opportunity with Bitcoin miners and the systems that they have to deal with on a regular basis,” Dorsey stated. He noted the huge potential of the Bitcoin hardware supply industry, estimating it as a $3-6 billion annual revenue opportunity.
Block inked a deal with leading miner Core Scientific Inc. (NASDAQ:CORZ) last year to supply 15 exahashes per second (EH/s) worth of ASIC chips.
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