Block Taps Former Argo Technology Chief Hothi for Bitcoin Mining
- Block turns to Bitcoin mining experts to build out new unit
- Bitcoin mining, wallet are among Block’s crypto initiatives
Block Chief Executive Jack Dorsey tweeted that the firm is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide last October.
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The payments-processing company Block Inc. has hired Perry Hothi, the former chief technology officer at Argo Blockchain PLC, to help develop its Bitcoin mining division, according to people familiar with the matter.
Hothi will advise the new unit while it considers initiatives ranging from designing a Bitcoin mining rig, the integration between its wallet and mining services to energy management, said the individuals, who asked not to be named. Block and Hothi declined to comment on the move.