File photo: Former Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on "Social Media's Role in Promoting Extremism and Misinformation" in Washington, U.S., March 25, 2021. U.S. House of Representatives Energy and Commerce Committee/Handout via Reuters/File photo
(Reuters) - Jack Dorsey-led payments technology firm Block could become a formidable player in the crypto mining industry, but Wall Street will need details on profit margins to gauge the earnings tailwind from this business, analysts said.
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.
