Jack Dorsey's Block and Riot Platforms Achieve Record $281M Bitcoin Sales and Mining Revenue, $207M Profit
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.
Sources
crypto.news
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
Mario Nawfal’s Roundtable 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
Bitcoin Archive 🔸Jack Dorsey’s Block is $207M in profit on its #Bitcoin holdings! 🙌 https://t.co/GaMpUWEG3y
Additional media
