Block tests blockchain waters, builds open bitcoin mining system

The Chief Executive Officer of
Block Inc, formerly Square, Jack Dorsey, has said in a tweet that the fintech firm is building an open bitcoin mining system.

Dorsey is trying to push Block beyond its payment business and into new technologies like blockchain.

In October, Dorsey said that Block, formerly Square, was considering building a bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide.

Block’s general manager for hardware, Thomas Templeton, also laid out the company’s plans about building the mining system via a tweet thread.