Dorsey's Block Lifts Full-Year Guidance After Strong Q1, Despite $173M BTC Loss

Dorsey's Block on May 7 raised its full-year 2026 guidance following a strong Q1 performance, even as it recorded a $173 million bitcoin remeasurement loss. This update follows BTC miner Cipher Digital's May 5 disclosure of a Q1 2026 net loss widening to $114 million from $39 million a year earlier, driven by bitcoin mining revenue dropping to $35 million from $49 million and holdings shrinking to $76 million from $125 million. Cipher secured a third hyperscale AI tenant lease and $200 million credit facility, boosting shares 7% to $19.19 amid pivot optimism. Other reports on mining integrations and Hayes' comments remain inaccessible.