Square CEO Dorsey Says Looking to Build a Bitcoin Mining System: Tweet

Square CEO Dorsey Says Looking to Build a Bitcoin Mining System: Tweet
Jack Dorsey, then-CEO of Twitter, attends the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami on June 4, 2021. Marco Bello/AFP via Getty Images
Reuters
Updated:

Square Inc. Chief Executive Officer Jack Dorsey said on Friday the fintech firm is looking to build a bitcoin mining system based on custom silicon and open source for individuals as well as businesses.

This would add to Square’s existing bitcoin-focused projects including a business to build an open developer platform, as well as a hardware wallet for the cryptocurrency.