Block Finishes 3nm Mining Chip Tape-Out; Boyaa to Convert 100% of Game Profits Into Bitcoin

BBX Report: Public companies are pushing two clear shifts in how they approach Bitcoin treasuries and mining infrastructure: open development of core hardware and an aggressive move to route operating cash flow into BTC. As competition intensifies in the second quarter, large players are reshaping both the silicon stack and balance-sheet playbook in a bid to secure long-term influence ahead of Bitcoin's 21 million supply cap. Block, Inc. (NYSE: $SQ) said it has completed the tape-out of a 3nm mining chip, a milestone for the open-source mining-hardware push associated with Silicon Valley firms and a potential challenge to the established ASIC-miner market structure. Boyaa Interactive International Limited (HKG: $0434) said it will allocate 100% of its gaming net profits to BTC reserves, underscoring a more hardline stance among Asia's mid-cap technology companies toward fiat inflation. Marathon Digital Holdings, Inc. (NASDAQ: $MARA) launched landfill-gas mining, aiming to convert high-pollution greenhouse gases into mining output and potentially reset how ESG factors are priced into mining-company valuations. Cipher Mining Inc. (NASDAQ: $CIFR) acquired an independent wind farm to enable 100% off-grid operations, positioning the move as a blueprint for reducing reliance on centralized power networks. Semler Scientific, Inc. (NASDAQ: $SMLR) has continued accumulating BTC, a pattern BBX said is becoming a reference model for healthcare and traditional manufacturing firms seeking an inflation hedge against rising physical supply-chain costs. BBX said the market is advancing on two parallel tracks: decentralizing mining-hardware manufacturing and accelerating "cash-flow denationalization" across real-economy businesses. Source: bbx.com