Digital payments company Block Inc., formerly known as Square, has finished the development of its Bitcoin mining chip as Chief Executive Jack Dorsey continues to advocate for a more accessible and decentralized system — an effort he’s championed since 2021. The three-nanometer chip could be a major player in the fast-growing mining industry because such chips are a key component in creating some of the most advanced computers. The chip, which powers specialized computers to mine Bitcoin, has been a bottleneck for any newcomers to compete with the incumbent as the development process can be time-consuming and laden ... (full story)