Jack Dorsey-led fintech firm Block had a successful quarter with $2.52 billion in Bitcoin sales, marking a 37% YoY increase. Riot Platforms, a Bitcoin mining company, achieved record revenue of $281 million, produced 6,626 BTC, and earned $71 million in power credits. Block also gained $207 million in profit from its Bitcoin holdings, holding 8,038 BTC valued at $340 million at the end of 2023. Cash App saw a 90% YoY increase in gross profit from Bitcoin sales, reaching $66 million.
Riot Platforms, a Bitcoin mining company, reported a 19% increase in Bitcoin production for 2023, mining a total of 6,626 BTC https://t.co/lXUhdvpoFK
JACK DORSEY’S BLOCK REPORTS $207M GAIN ON BITCOIN HOLDINGS The company held 8,038 BTC valued at $340 million at the end of 2023. Cash App witnessed 90% YoY increase in gross profit from Bitcoin sales, reaching $66 million. Source: CoinDesk https://t.co/Y6sSJXWwr0
🔸Jack Dorsey’s Block is $207M in profit on its #Bitcoin holdings! 🙌 https://t.co/GaMpUWEG3y
NEW: #Bitcoin ⛏️ mining firm Riot Platforms sets all time highs in revenue (💵 $281M), #Bitcoin produced (6,626 #BTC), and ⚡️ power credits ($71M). https://t.co/ZWPOl7hWzC
Jack Dorsey’s Block sold $2.52 billion worth of bitcoin in Q4, up 37% YoY https://t.co/2SLNEEOoiq
Jack Dorsey-led fintech firm Block had a great quarter, driven by Bitcoin and the @CashApp. https://t.co/SvF6Bq5Nmq