Block recruits former Argo CTO to develop its Bitcoin mining division

ChainCatcher news, according to Bloomberg citing informed sources, payment processing company Block Inc. has hired former Argo Blockchain PLC Chief Technology Officer Perry Hothi to help develop its Bitcoin mining division. Hothi will provide advice for the new division, considering initiatives ranging from designing Bitcoin mining equipment, integrating wallets and mining services, to energy management.

In addition, Block CEO Jack Dorsey stated on Twitter that last October, the company considered establishing a custom silicon and open-source Bitcoin mining system for individuals and businesses worldwide. (Bloomberg)