Block scales back TIDAL investment and shutters TBD in favor of Bitcoin mining
Portfolio Pulse from
Block is reducing its investment in TIDAL and closing TBD to focus on Bitcoin mining.
November 08, 2024 | 4:00 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Block is reducing its investment in TIDAL and closing TBD to focus on Bitcoin mining.
Block's decision to scale back on TIDAL and close TBD indicates a strategic shift towards Bitcoin mining. This could have mixed implications for investors, as it suggests a focus on potentially more profitable ventures but also a retreat from previously announced projects.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100