## Block Developing New Bitcoin Mining Chip Prototype Block, formerly Square and led by Jack Dorsey, is set to launch a prototype of its new Bitcoin (BTC) mining chip later this year. This development marks a significant step in Block's ambition to contribute to the decentralization of Bitcoin mining. ## US-Based Bitcoin Mining Chip Production Jack Dorsey emphasized the strategic advantage of producing these mining chips in the United States. "We are producing mining chips in the United States," Dorsey stated, highlighting the growing concerns about tariffs and the risks associated with overseas manufacturing. A strong domestic supply chain connection offers greater stability and control over the production process. This move could potentially reduce reliance on foreign suppliers and ensure a more secure and efficient manufacturing pipeline for Block. ```

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