Block and Core Scientific Partner to Advance Bitcoin Mining Decentralization [Yahoo! Finance]
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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Source: Yahoo! Finance
If you are looking for more investing related content, I guarantee you'll enjoy my content on X, @LogicalThesis. Thanks for reading! On July 10, 2024, Block, Inc. (NYSE: SQ) and Core Scientific (NASDAQ: CORZ) announced a significant partnership aimed at enhancing Bitcoin mining through innovative technology and decentralization efforts. Under the agreement, Block's Proto team will supply Core Scientific with its new 3-nanometer ASIC mining chips, marking one of the industry's largest ASIC contracts. The partnership is expected to provide approximately 15 EH/s (exahashes per second) of hashrate, with potential for further substantial increases. The Proto team, also known for developing the Bitkey wallet, focuses on modular mining solutions designed to enhance efficiency, reliability, and sustainability in large-scale operations. Integrating these chips into Core Scientific's infrastructure, the partnership aims to drive innovation and decentralization in Bitcoin mining. Thomas Te
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SQ
News
- Jack Dorsey dramatically scales back crypto ambitions for Block [MSNBC.com]MSNBC.com
- Jack Dorsey dramatically scales back crypto ambitions for Block [CNBC]CNBC
- Block Q3 Earnings Meet Estimates: Can Strong Guidance Aid the Stock? [Yahoo! Finance]Yahoo! Finance
- Block, Inc. (NYSE: SQ) had its price target raised by analysts at Keefe, Bruyette & Woods from $71.00 to $80.00. They now have a "market perform" rating on the stock.MarketBeat
- Block, Inc. (NYSE: SQ) had its price target raised by analysts at Needham & Company LLC from $80.00 to $90.00. They now have a "buy" rating on the stock.MarketBeat
SQ
Earnings
- 11/7/24 - Beat
SQ
Sec Filings
- 11/8/24 - Form 4
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- SQ's page on the SEC website