Jack Dorsey's Block Reveals Modular Bitcoin Mining Rigs That Can Be Upgraded

Key Points

1. Block's new Bitcoin mining rig, Proto Rig, is built to last 10 years, compared to the typical 3-5 years, and aims to reduce costs by 15-20% per upgrade cycle.

2. Proto Rig addresses common mining issues such as frequent breakdowns, high repair costs, and inefficient power usage.

3. Block has started rolling out Bitcoin payments for sellers, coinciding with its inclusion in the S&P 500, with its stock showing recent gains.

4. Bitcoin's price recently hit an all-time high above $124,000 before slightly declining, with a 25% increase since an unspecified earlier date.

5. Other notable crypto-related news includes Bitcoin Depot's 183% profit jump and Bitmine Immersion's increased fundraise target for ETH purchases.