Block, Inc.

Block, Inc. is a multifaceted technology company dedicated to advancing economic empowerment through a diverse suite of products and services. Established in 2009 by Jack Dorsey, Jim McKelvey, and Tristan O'Tierney, the company has evolved into a global leader in financial services and digital solutions.

Headquartered in Oakland, California, Block operates offices across the United States, including locations in New York City, New York, and Cambridge, Massachusetts.

Locations

• New York City, NY, USA
• Cambridge, MA, USA

Square

Square is Block's flagship point-of-sale system, enabling businesses to accept card payments and manage various operations such as bookings, e-commerce, inventory, payroll, banking, and business loans.

As of 2024, Square serves 4 million sellers and processes $228 billion in payments annually, solidifying its position as the U.S. market leader in point-of-sale systems.

Cash App

Launched in 2013, Cash App is a digital wallet that allows users to send and receive money, invest in stocks and Bitcoin, and access financial services like direct deposit and tax filing.

By 2024, Cash App had 57 million users and processed $283 billion in annual inflows, reflecting its significant impact on personal finance management.

TIDAL

In 2021, Block acquired a majority stake in TIDAL, a high-definition music streaming service offering a catalog of over 100 million songs.

TIDAL provides artists with better royalty rates and tools to succeed as entrepreneurs, while offering fans unique content and experiences.

Afterpay

In January 2022, Block acquired Afterpay, an Australian-based buy now, pay later technology company.

This acquisition enables Block to offer consumers flexible payment options and supports merchants in increasing sales and customer engagement.

Bitkey

In December 2023, Block launched Bitkey, a self-custody Bitcoin hardware wallet available in 95 countries, including the U.S., U.K., Canada, Nigeria, Argentina, Mexico, and India.

Bitkey allows users to own, manage, and store their Bitcoin independently, without relying on third-party exchanges or custodians.

Proto

Proto is Block's Bitcoin mining system, aiming to decentralize both the supply of Bitcoin mining hardware and the distribution of hashrate.

The company has developed its own three-nanometer Bitcoin mining chip and plans to manufacture chips and mining systems, with expectations to contribute to Block's business growth in the latter half of 2025.

Through these diverse initiatives, Block, Inc. continues to innovate and provide tools that expand access to the economy, empowering individuals and businesses worldwide.