Block CEO Jack Dorsey stated that the company is manufacturing Bitcoin mining chips, Proto, domestically in the U.S. to address rising tariffs and risks associated with overseas manufacturing. The chips are planned for release in 2025, featuring an open-source design that emphasizes flexibility and will involve direct collaboration with U.S. suppliers. Additionally, Block disclosed that it achieved a gross profit of $2.29 billion in the first quarter, a year-on-year increase of 9%, with Cash App's gross profit rising 10% to $1.38 billion, and Square's rising 9% to $898 million.