Jack Dorsey’s Block, Inc. is continuing to hire from crypto firms, as the payment processor seeks to establish its Bitcoin mining and wallet hardware arms.
Block’s latest hire is Perry Hothi, the former chief technology officer at Argo Blockchain. He joins to advise on the development of the company’s Bitcoin mining division, Bloomberg first reported, citing sources familiar with the matter.
Formerly known as Square, Block listed jobs on LinkedIn for heads of Bitcoin mining policy, communications and partnerships over the past weeks. The company also has plans to establish a test hub to fine tune ASIC mining hardware and software, according to an ad it posted for a test hub lead.
Argo saw its shares tick down in October as the company revealed a plan to fundraise and strengthen its balance sheet.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
About Author
Jeremy Nation is a Senior Reporter at The Block covering the greater blockchain ecosystem. Prior to joining The Block, Jeremy worked as a product content specialist at Bullish and Block.one. He also served as a reporter for ETHNews. Follow him on Twitter @ETH_Nation.
Sourced from www.theblock.co.
Written by Jeremy Nation on 2022-10-25 22:56:32.
