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Proto is a user-generated, token-incentivized mapping platform. By decentralizing data collection, it is able to provide high-quality, real-time map data at a fraction of the cost of traditional methods. Its unique approach allows us to penetrate dense, complex regions with ease, offering businesses accurate and up-to-date data for their needs.
Jack Dorsey: Opposes Governments and Leading AI Companies Deciding the Pace of AI Development
Block CEO Jack Dorsey has expressed support for review, independent evaluation, and planning of frontier AI, but opposes governments and leading AI companies negotiating industry-wide development restrictions.He advocates for an open-release approach that allows outside parties to reproduce results, identify problems, and develop alternatives, and supports providing models, computing power, and public infrastructure to independent researchers and safety researchers.Block is developing open-source AI tools and provides Bitcoin-related services across products including Square and Cash App. The company has also launched the open-source AI agent goose, and is developing Bitcoin mining hardware Proto and hardware wallet Bitkey. (Bitcoin.com News)
Core Scientific Pays $41.9 Million to Terminate Block Bitcoin Mining Contract, Shifts Focus to AI Infrastructure
data center operator Core Scientific disclosed in its second-quarter regulatory filing that it paid $41.9 million to terminate the Bitcoin mining machine contract with Block and its Proto division, with related losses amounting to $41.9 million. Both the agreement and future equipment deliveries have been canceled. The agreement, announced in July 2024, originally called for Proto to supply 3nm mining chips, corresponding to approximately 15 EH/s in hashrate, and included options for additional purchases. Core Scientific stated that it will no longer invest in new mining machines to maintain or expand hashrate, will generate cash flow from existing mining machines, and will sell or retire machines as appropriate. Core Scientific's second-quarter hosting revenue increased from $10.6 million in the same period last year to $137 million, accounting for 83% of total revenue; self-mining revenue fell 66% year-over-year to $21.5 million, representing 13% of total revenue. The company stated that quarterly Bitcoin production decreased by 53% year-over-year, and it continues to shift power from mining equipment to high-density computing systems such as GPUs.
Jack Dorsey: Opposes Governments and Leading AI Companies Deciding the Pace of AI Development
Block CEO Jack Dorsey has expressed support for review, independent evaluation, and planning of frontier AI, but opposes governments and leading AI companies negotiating industry-wide development restrictions.He advocates for an open-release approach that allows outside parties to reproduce results, identify problems, and develop alternatives, and supports providing models, computing power, and public infrastructure to independent researchers and safety researchers.Block is developing open-source AI tools and provides Bitcoin-related services across products including Square and Cash App. The company has also launched the open-source AI agent goose, and is developing Bitcoin mining hardware Proto and hardware wallet Bitkey. (Bitcoin.com News)
Block updates Bitcoin roadmap, with multiple features already launched across its products
Bitcoin News announced on X platform that @BitcoinatBlock has updated its Bitcoin roadmap, having rolled out multiple features across its products over the past year. Recently launched features include: - Cash App supports Bitcoin purchases via ACH. - More readable Bitcoin addresses. - Dollar payments via the Lightning Network. - Square merchants support Bitcoin payments and Tap to Pay. - 5% Bitcoin cashback. - Increased withdrawal limits and reduced fees. - Open-source mining management through Proto. Features currently in development include: automatic withdrawals to Bitkey, Coin Control, multi-account support, and multi-beneficiary inheritance.
Block launches Bitkey hardware wallet with screen and introduces auto-earn Bitcoin features on Cash App
According to an official announcement, Block has launched a new Bitkey hardware wallet featuring a secure touchscreen. Additionally, Cash App now supports automatic conversion of received peer-to-peer payments into Bitcoin, and users can earn 5% Bitcoin cashback when spending at Square merchants. Block has also implemented Proof of Reserves for its corporate Bitcoin treasury holdings as well as for Bitcoin holdings of Cash App and Square customers—enabling independent on-chain signature verification. Furthermore, Block will showcase Square’s NFC-based Bitcoin tap-to-pay solution at Bitcoin Las Vegas 2026 and advance the development of its Proto Bitcoin mining product suite.
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Sazmining Launches Sales Program for Proto Bitcoin Mining Hashboards Under Block, With Roughly 200 TH/s Per Board
Odaily News: Bitcoin mining service provider Sazmining has announced the launch of an individual purchase program that allows customers to directly own immersion hashboards developed by Proto, the Bitcoin mining hardware division of Jack Dorsey's company Block. Sazmining will handle installation, operation, and maintenance at its U.S. mining sites, and any Bitcoin mined will be sent directly to the customer's personal wallet.Each hashboard is priced at $4,187, with a down payment of $1,397 and the remaining amount payable over 18 months with zero interest. The equipment is expected to begin operating between November and December 2026, with roughly 200 TH/s of computing power per board and energy efficiency of about 15 J/TH.Sazmining will charge a flat rate for electricity and maintenance fees and provide customers with hashboard operation services. Founded in 2018, the company operates mining sites in the United States, Paraguay, and Norway, serving both individual and institutional customers. (Bitcoin.com News)
Jack Dorsey: Opposes Governments and Leading AI Companies Deciding the Pace of AI Development
Block CEO Jack Dorsey has expressed support for review, independent evaluation, and planning of frontier AI, but opposes governments and leading AI companies negotiating industry-wide development restrictions.He advocates for an open-release approach that allows outside parties to reproduce results, identify problems, and develop alternatives, and supports providing models, computing power, and public infrastructure to independent researchers and safety researchers.Block is developing open-source AI tools and provides Bitcoin-related services across products including Square and Cash App. The company has also launched the open-source AI agent goose, and is developing Bitcoin mining hardware Proto and hardware wallet Bitkey. (Bitcoin.com News)
Block updates Bitcoin roadmap, with multiple features already launched across its products
Bitcoin News announced on X platform that @BitcoinatBlock has updated its Bitcoin roadmap, having rolled out multiple features across its products over the past year. Recently launched features include: - Cash App supports Bitcoin purchases via ACH. - More readable Bitcoin addresses. - Dollar payments via the Lightning Network. - Square merchants support Bitcoin payments and Tap to Pay. - 5% Bitcoin cashback. - Increased withdrawal limits and reduced fees. - Open-source mining management through Proto. Features currently in development include: automatic withdrawals to Bitkey, Coin Control, multi-account support, and multi-beneficiary inheritance.
Ark Invest buys $21 million in Block stock and $2.3 million in SpaceX shares
Odaily News Ark Invest, the asset management firm founded by Cathie Wood, disclosed that on August 6, it purchased 267,676 shares of Block stock, valued at approximately $21 million; on the same day, it increased its holdings by 20,318 shares of SpaceX, valued at approximately $2.3 million. Block, formerly known as Square, was renamed by Jack Dorsey in 2021. It has held Bitcoin on its corporate balance sheet since 2020 and offers BTC buy/sell services to retail customers via Cash App. In recent months, Block has also expanded related operations through its Bitkey hardware wallet and its Bitcoin mining hardware division, Proto. SpaceX listed on Nasdaq in June under the ticker SPCX, with an issue price of $135, raising approximately $75 billion and reaching a valuation of nearly $1.8 trillion. Ark's purchase came about two months after SpaceX's listing.
Core Scientific Pays $41.9 Million to Terminate Block Bitcoin Mining Contract, Shifts Focus to AI Infrastructure
data center operator Core Scientific disclosed in its second-quarter regulatory filing that it paid $41.9 million to terminate the Bitcoin mining machine contract with Block and its Proto division, with related losses amounting to $41.9 million. Both the agreement and future equipment deliveries have been canceled. The agreement, announced in July 2024, originally called for Proto to supply 3nm mining chips, corresponding to approximately 15 EH/s in hashrate, and included options for additional purchases. Core Scientific stated that it will no longer invest in new mining machines to maintain or expand hashrate, will generate cash flow from existing mining machines, and will sell or retire machines as appropriate. Core Scientific's second-quarter hosting revenue increased from $10.6 million in the same period last year to $137 million, accounting for 83% of total revenue; self-mining revenue fell 66% year-over-year to $21.5 million, representing 13% of total revenue. The company stated that quarterly Bitcoin production decreased by 53% year-over-year, and it continues to shift power from mining equipment to high-density computing systems such as GPUs.
Block launches Bitkey hardware wallet with screen and introduces auto-earn Bitcoin features on Cash App
According to an official announcement, Block has launched a new Bitkey hardware wallet featuring a secure touchscreen. Additionally, Cash App now supports automatic conversion of received peer-to-peer payments into Bitcoin, and users can earn 5% Bitcoin cashback when spending at Square merchants. Block has also implemented Proof of Reserves for its corporate Bitcoin treasury holdings as well as for Bitcoin holdings of Cash App and Square customers—enabling independent on-chain signature verification. Furthermore, Block will showcase Square’s NFC-based Bitcoin tap-to-pay solution at Bitcoin Las Vegas 2026 and advance the development of its Proto Bitcoin mining product suite.