Technology firm Block Inc. It posted a net loss of $14.7 million in the third quarter. Bitcoin (BTC) sales totaled $1.76 billion in the third quarter.
Block has released its third quarter report. Jack DorseyThe company where ‘s CEO sits $14.7 million net damage. For Bitcoin-based revenue loss in the third quarter report presented in consumer demand and Bitcoin price drops reason given. Block’s Bitcoin gross profit in Q2 41 million dollars approximately in the third quarter compared to 37 million dollars took place as
Block, its subsidiary in the third quarter Cash App over 1.76 billion dollars He said that he earned Bitcoin income, this figure is compared to the previous year. 3% decreased and reported in the second quarter 1.79 billion announced that it was below the dollar.
Block shares are around the clock after the release of their third-quarter reports. 14% increased. Block in the second quarter 1.47 billion its total gross profit in dollars in this quarter 1.57 billion dollars raised. The company’s total net income per year up 17% 4.52 billion became dollars.
Total net income, compared to the previous year, excluding the company’s Bitcoin revenue 2.75 billion, up 36% became dollars. The tech firm, in the third quarter $1.76 billion net bitcoin sales volume reported.