Jack Dorsey: US-made Bitcoin mining chip Proto to be launched this year

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PANews
05-02
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PANews reported on May 2nd that according to DL News, Block CEO Jack Dorsey announced that the company is manufacturing Bitcoin mining chips called Proto domestically in the United States to address rising tariffs and overseas manufacturing risks. The chip is planned to be launched in 2025, will use open-source design, emphasize flexibility, and will involve direct collaboration with US suppliers.

Additionally, Block disclosed its first-quarter performance, achieving gross profit of $2.29 billion, a year-on-year increase of 9%. Among this, Cash App's gross profit grew 10% to $1.38 billion, and Square grew 9% to $898 million.

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