Jack Dorsey, co-founder and executive chair of Block Inc. (NYSE:XYZ), voiced optimism for the firm’s Bitcoin (CRYPTO: BTC) mining products suite, Proto, on Thursday, hoping to gain a broader share of the largely untapped sector.
What Happened: During the company’s fourth-quarter earnings call, Dorsey said the company was “really excited” about the offering, which aims to decentralize the global supply of mining hardware.
“We do think the market is large and we do think we’re poised to take a significant percentage of it because there is one player, really in this space, and customers want other options,” Dorsey said, possibly pointing toward the dominance …
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