$BTC
The company #Block announced its plans to launch an open-source Bitcoin mining chip called #Proto in 2025, aiming to enhance decentralization in Bitcoin mining.
This announcement is part of the company's strategy to internally develop and manufacture hardware in the United States, which could significantly impact the cryptocurrency mining market.
Jack Dorsey, CEO of Block, noted that the Bitcoin hardware supply sector represents a significant revenue opportunity estimated to be worth between $3 billion and $6 billion annually.
The company aims to achieve substantial revenue from this promising market.
