Bitcoin mining company Fortress Technologies Q3 financial report: net income reaches 3.5 million US dollars

Bitcoin mining company Fortress Technologies Q3 financial report: net income reaches 3.5 million US dollars

2021/11/26

According to reports, Bitcoin mining infrastructure company Fortress Technologies 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. Furthermore, fortresses, fortresses, fortress' active hash rates 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 "AJ" 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.

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