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Crypto•30 June 2026•

1 min read

Block unveils modular Bitcoin miners to challenge Bitmain's dominance

Key Facts

1Block showcased new modular Bitcoin miners at a conference, aiming to challenge Bitmain's dominance in the mining hardware market.

In a Bitcoin mining market long dominated by Bitmain, Block (formerly Square) took a competitive step by showcasing new modular miners at a specialized conference. The company aims to challenge Bitmain's near-monopoly in the mining hardware ecosystem. According to reports, Block is seeking to foster competition and broaden options for miners.

SQ stock closed at $57.22 on March 14, 2025, with relatively thin trading activity. Block has not disclosed pricing or launch timelines, keeping the near-term earnings impact unclear. Investors await further details on hardware specifications and distribution strategies.

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