Odaily Planet Daily reports that Amrita Ahuja, CFO of Block, the crypto fintech company founded by Twitter co-founder Jack Dorsey, announced in an interview with CNBC that the company will launch a new Bitcoin mining chip next week, aiming to optimize the decentralized Bitcoin mining ecosystem. This comes months after Block reportedly announced the completion of development of a 3-nanometer Bitcoin mining chip. Furthermore, Jack Dorsey also posted "Next Week" on the X platform, along with an image of a mining tool, hinting at the upcoming August 14th launch of the new product.