Jack Dormyy “is really excited” about the Bitcoin Mining Swinch in Block, which can challenge foreign domination: “Clients want other options” – Block (Nyse: Xyz)

Jack DorsiParticipant founder and CEO of Block Inc. XyzIt expressed optimism of the company Bitcoin BTC/USD Mining Product Suite, ProtoOn Thursday, hoping to obtain a broader share of the largely non -exploited sector.

What happened: During the company’s profit call in the fourth quarter, Dorsi said that the company was “very excited” about the offer, which aims to cancel the expansion of the global supply of mining devices.

“We believe that the market is large and we believe that we are ready to take a large percentage of it because there is one player, really in this field, and customers want other options,” Dorsi said. dominance From China its headquarters PortraitThe largest bitcoin mining maker in the world.

the twitter The co -founder revealed that the bloc, which was conducted and discovered that mining customers were “unhappy” with the current options.

“They did not have the ability to upgrade and build their allocated systems around their platforms. He added that some of them just wanted like a complete system that just working on the shelf, which was built in the United States.”

Proto consists of ASIC chips, mining excavators, and developers tools, with a special focus on supporting smaller players and home mining.

See too: BLOCKSTREAM CEO says that Bitcoin ‘early on the bull market.

Why do it matterA block was reported Quarterly profits From 71 cents per share after the closure of the market on Thursday, after estimating the consensus of the 87 cents. The quarterly revenues amounted to 6.03 billion dollars, and lost the estimation of the consensus of $ 6.29 billion.

The block held 8,363 BTCs in its public budget, at a value of more than $ 821 million, making it one of the largest companies in Bitcoin. According to the company’s disclosure, Apex Cryptocurrency is kept for “long -term investment purposes” and facilitating sales and purchases via “App” Digital Wallet.

PriceBlock shares decreased by 6.83 % in trading after hours after closing them by 1.01 % at 83.04 dollars during the regular trading session on Thursday, according to it. Data from Benzinga Pro.

Compliment image: Shutterstock

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