Block, Inc. · NYSE:XYZ

Block — Investor Day (2025)

13 slides from Block's investor day presentation, 2025

1. Slide 1: Bitcoin

   INVESTOR DAY 2025 Bitcoin Thomas Templeton

2. Slide 2: Open protocols

   BLOCK INVESTOR DAY 2025 BITCOIN Open protocols

3. Slide 3: Why Block cares about bitcoin

   BLOCK INVESTOR DAY 2025 BITCOIN Why Block cares about bitcoin Open Global Proven Not owned or controlled Works anywhere, and helps Has withstood a global pandemic by any single entity. us serve more people faster and countless macroeconomic without the need to customize for shockwaves — and come out

4. Slide 4: Accessibility, Everyday utility, Security

   BLOCK INVESTOR DAY 2025 BITCOIN Accessibility Everyday utility Security

5. Slide 5: Decentralization

   BLOCK INVESTOR DAY 2025 BITCOIN Decentralization In bitcoin, anyone can help run the network, specifically: ● Point their compute power at the bitcoin network. ● Contribute to its broad decentralization and security. ● Earn rewards, in the form of bitcoin, for their contribution.

6. Slide 6: What we heard

   block BLOCK INVESTOR DAY 2025 BITCOIN What we heard Infra is not optimized. Things break. Software is a challenge.

7. Slide 7: Existing market opportunity today: $3B-$6B

   BLOCK INVESTOR DAY 2025 SECTION TITLE OR LEGAL DISCLAIMER BITCOIN Existing market MARKET OBSERVATIONS opportunity today: 01 $3B$6B Large market opportunity 02 High barriers to entry Represents hardware sales revenue market opportunity. Market opportunity figures are derived by multiplying projected

8. Slide 8: Proto's head start in bitcoin mining hardware

   BLOCK INVESTOR DAY 2025 BITCOIN Protoʼs head start BLOCK ADVANTAGES in bitcoin mining 01 hardware Hardware expertise 02 Supplier relationship 03 Commitment to bitcoin

9. Slide 9: BLOCK INVESTOR DAY 2025 SECTION TITLE OR LEGAL DISCLAIMER

   BLOCK INVESTOR DAY 2025 SECTION TITLE OR LEGAL DISCLAIMER

10. Slide 10: Launch summary

    BLOCK INVESTOR DAY 2025 BITCOIN MEDIA SUMMARY Launch summary 310 articles Across 33 countries With a global reach of 950M Extremely positive coverage

11. Slide 11: Margin profile

    BLOCK INVESTOR DAY 2025 BITCOIN Margin profile ASIC improvement and hashboard upgrades can drive margin expansion over time. 10%20% Margin reflects gross profit from hardware sales as a percentage of net revenue.

12. Slide 12: Bitcoin hardware market opportunity

    BLOCK INVESTOR DAY 2025 BITCOIN Bitcoin hardware market opportunity: Expanding over time through improved ASIC technology and hardware design innovation. $3B-$6B TODAYʼS MARKET OPPORTUNITY Market opportunity figures are derived by multiplying projected annual hardware sales TH/s by projected ASIC

13. Slide 13: Thank you!

    THANK YOU!

Block — Investor Day (2025) on 6ix