On August 9, PANews reported that Amrita Ahuja, the Chief Financial Officer of Block, the crypto fintech company founded by Twitter co-founder Jack Dorsey, stated in an interview with CNBC that the company will launch new Bitcoin mining chips next week, aimed at optimizing the decentralized Bitcoin mining ecosystem. It is reported that several months ago, Block revealed that it had completed the development of a 3-nanometer Bitcoin mining chip. Additionally, Jack Dorsey also posted on the X platform 'Next Week' with an image of mining tools, hinting at the upcoming launch of a new product on August 14.