Jack Dorsey's Block Reports $36M Impairment Loss on Bitcoin Holdings
Amid the continued crypto winter, Block’s total revenue fell by about 6% alongside a hefty impairment loss on its Bitcoin holdings.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Terawulf and IREN Bet Big on AI as Bitcoin Mining Revenue Shrinks
Despite top-line growth, Terawulf’s operating loss widened to $88.2 million in Q3 while IREN saw bitcoin mining revenue fall 88% y...
Strive (ASST) Posts $474.8 Million Common Net Income as Bitcoin Yield Hits 63.2%
Bitcoin Magazine Strive (ASST) Posts $474.8 Million Common Net Income as Bitcoin Yield Hits 63.2% Strive reported $474.8 million o...
Thailand to Block Bitget on Dec. 5 After SEC Files Criminal Complaint Over Licensing
Key Takeaways: Due to the frequent violations of privacy by hackers, Thailand will ban Bitget from Dec. 5. The SEC initiated actio...
Core Scientific (CORZ) to Exit Bitcoin Mining by Year-End as Colocation Hits $215 Million
Bitcoin Magazine Core Scientific (CORZ) to Exit Bitcoin Mining by Year-End as Colocation Hits $215 Million Core Scientific will co...
Blockstream names Falcon-1024 its top quantum-resistant signature pick for Bitcoin
Blockstream's focus on Falcon-1024 highlights the complex trade-offs and gradual transition needed for Bitcoin's quantum-resistant...
Bitcoin faces $70,000 risk as investors realize $2 billion in losses and US jobs shock deepens pressure
Bitcoin holders realized more than $2 billion in losses over three days as exchange selling intensified and expectations of a US r...