Overview

• Block's first large-scale sale of 3nm mining ASICs to Core Scientific marks a significant milestone.
• The deal is one of the largest in the industry by hashrate, providing 15 exahashes per second.
• Analysts highlight the need for more details on profit margins to assess Block's long-term earnings potential.
• Block's Proto team developed the chips to optimize space and operational resources in data centers.
• Core Scientific's stock rose, while Block's shares have seen a decline this year.