Bitcoin mining company Fortress Technologies Q3 financial report: net income reaches 3.5 million U.S. dollars - Aliens: AI Crypto News & Markets Updates

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Bitcoin mining company Fortress Technologies Q3 financial report: net income reaches 3.5 million U.S. dollars

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Aliens

Thu, Nov 25, 2021

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Bitcoin mining infrastructure company Fortress Technologies today announced its 2021 Q3 financial report. During this period, the company made a net profit of 3.5 million U.S. dollars. The balance of Bitcoin on Fortress Technologies' balance sheet is 129. In addition, the company holds $5.7 million in cash in the third quarter of 2021. The active hash rate of Fortress increased significantly in the last quarter. According to the company's estimates, its active hash rate will mine more than 13 bitcoins per month.

In addition, Fortress also announced the appointment of new leadership in the most recent quarter. Antonin "A.J." Scalia and Thomas "Drew" Armstrong serve as Fortress's CEO and President/COO, respectively. The two also replaced Joshua Crumb and Michael Costa on the company's board of directors.

Source: Finance Magnates

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