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Tag: Block

Block (SQ) earnings Q1 2024

Block reported first-quarter earnings after the bell Thursday that exceeded analysts' estimates. The stock rose more than 7% in extended trading.Here's how the company did, compared with analysts' consensus estimates from LSEG.Earnings per share: 85 cents adjusted vs. 72 cents expectedRevenue: $5.96 billion...

Block (formerly Square) building its own bitcoin mining system

Block Inc logo is seen displayed in this illustration taken, April 10, 2023. Dado Ruvic | ReutersJack Dorsey says that his payments company, Block (formerly Square), is expanding its bitcoin mining ambitions from designing chips to developing a full bitcoin mining system.In a post...

Bitcoin miner Gridless, backed by Block, builds site at Kenya volcano

HELL'S GATE, Kenya — Two-and-a-half hours northwest of Nairobi by car, a small group of bitcoin miners set up shop at the site of an extinct volcano near Hell's Gate National Park.The mine, tucked away on the edge of Lake Naivasha, is operated...