Block (formerly Square) is set to release a new Bitcoin mining chip later this year, signaling a continued commitment to the cryptocurrency space. CFO Amrita Ahuja revealed the plans in a CNBC interview, emphasizing Bitcoin's potential as "an open protocol for powering the internet." This move suggests Block's belief in the long-term viability of Bitcoin mining. The new chip likely aims to improve efficiency and potentially lower the barrier to entry for individual miners. It could also drive further innovation in the Bitcoin mining hardware market, ultimately contributing to a more decentralized and robust network. The launch date and specific specifications of the mining chip remain undisclosed. ```

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