Block Inc. has employed the services of Perry Hothi, the former chief technology officer at Argo Blockchain PLC. He was hired to assist in developing Block’s Bitcoin mining division.
A Bloomberg reporter, David Pan, made this known in a tweet.
The payment processing company, formerly Square, has been searching for veterans from crypto mining services companies to grow its mining division.
Block co-founder, Jack Dorsey, announced this in a tweet in October 2021. He stated that the company was looking to build a Bitcoin mining system based on custom silicon and open source for individuals and businesses.
This led to the hiring of experts like Hothi. The former vice president of Poolin, Alejandro De La Torre, also joined Block in August.
Hothi will be in charge of advising the new unit. He will also create various initiatives, which include designing a Bitcoin mining rig, its integration within the wallet, and mining services for energy management.
The initiative will also aim to make the Bitcoin mining sector more decentralized.
This new move by Block is one of its latest effort to provide crypto-centric services. In addition to growing its Bitcoin mining division, it plans to develop its hardware Bitcoin wallet. Block partnered with Blockstream Corporation to build a Bitcoin mining facility with Tesla’s solar-powered battery in Texas.
