Block Investors Need More to Gauge Crypto Unit's Earnings Potential

July 12, 2024, 12.25 AM | Source: Reuters

ILUSTRASI. Seorang peserta mencoba aplikasi perdagangan kripto Mobee usai seminar edukasi seputar investasi aset kripto di Universitas Mercu Buana, Jakarta (29/6/2024). Mobee berkomitmen dalam mendukung regulator untuk terus melakukan edukasi bagi investor aset kripto. Sejak memperoleh izin beroperasi dan meluncurkan aplikasi digitalnya pada akhir tahun 2023, Mobee telah hadir di lebih dari 10 kota di Indonesia dalam rangka menyapa para penggiat investasi aset kripto. (KONTAN/Baihaki)

CRYPTO - JAKARTA. Jack Dorsey-led payments technology firm Block could become a formidable player in the crypto mining industry. Still, analysts said Wall Street will need details on profit margins to gauge the earnings tailwind from this business.

Block inked its first large-scale crypto mining hardware pact on Wednesday, agreeing to supply its chips to bitcoin miner Core Scientific, but no financial details were disclosed.

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