Square CEO Dorsey says looking to build a bitcoin mining system - tweet


FILE PHOTO: Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. REUTERS/Anushree Fadnavis/File Photo

(Reuters) - Fintech firm Square Inc Chief Executive Officer Jack Dorsey said on Friday that the company is looking to build a bitcoin mining system based on custom silicon and open source for individuals as well as businesses.

"If we do this, we'd follow our hardware wallet model: build in the open in collaboration with the community," Dorsey said in a tweet.

(Reporting by Chavi Mehta in Bengaluru; Editing by Shailesh Kuber)

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