Escaping Jack Dorsey’s BTC miners cost $41.9 million
Core Scientific gave Jack Dorsey’s Block $67.9M for BTC mining chips. It then booked a $41.9M loss for the right to stop buying them.
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Core Scientific gave Jack Dorsey’s Block $67.9M for BTC mining chips. It then booked a $41.9M loss for the right to stop buying them.
Read more (3 min) →— Block, Jack Dorsey
Block, the Jack Dorsey-led firm behind Cash App, has announced that it is winding down TBD, its 'Web5' initiative.
Transactions from Jack Dorsey's Block, Cash App, and Square are reportedly being investigated by federal prosecutors over compliance lapses.
Elon Musk is using corporate funds from Twitter, the company he acquired from Jack Dorsey, to sue Dorsey’s crypto company, Block.