Today, Block, Inc. (NYSE: SQ) and Core Scientific (Nasdaq: CORZ) have announced a new partnership focused on further decentralizing mining hardware. This collaboration introduces Block’s advanced 3 ...

Block, Inc. SQ shares are trending on Wednesday. The company entered into a agreement to supply Core Scientific CORZ with its new 3 nanometer mining ASICs, capable of about 15 EH/s.. The Details ...

Jack Dorsey’s Block is making a new Bitcoin ASIC, including a custom shipment of chips to Core Scientific. We dig into the new unit on an exclusive show with the team!

Block now expects annual adjusted core earnings of at least $2.90 billion, higher than its prior forecast of $2.76 billion. Jack Dorsey-led Block has also focused on driving "profitable growth" by ...

Following the announcement, Core Scientific’s shares rose by 2.2%, closing at $9.77, while Block’s stock saw a slight decline, ending 0.26% lower at $64.34.

Block also raised its full-year profit guidance by more than $200 million, forecasting 2024 earnings of at least $2.63 billion, or at least 15% growth from the previous year.