Twitter's former CEO has turned to selling mining equipment

Twitter co-founder and former CEO Jack Dorsey has turned his attention to the crypto industry. Dorsey is now the head of Block (formerly known as Square).

Block is currently focused on cryptocurrencies, including mainstream financial services and mining. The company recently integrated a cryptocurrency wallet into its Cash app.

Under Dorsey's leadership, in addition to developing crypto-financial tools available through the Cash app and the Square platform, Block is working to develop the underlying Bitcoin Level-1 network. The company is also developing new specialized hardware for bitcoin mining.

There is no official information supporting this news yet, but crypto experts have long reported Block's interest in mining, and @BitcoinMagazine reported on Twitter that the project will launch in 2024 and will consist of a full set of bitcoin mining equipment.

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Previously, our team wrote that Binance has expanded the range of products available for dual investment.

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