[Block Raises Full-Year Profit Guidance, Q2 Results Exceed Expectations but Bitcoin Business Drags on Profit] According to Bloomberg, Jack Dorsey's digital payment company Block Inc. released its second-quarter earnings report on Wednesday, with both revenue and profit surpassing expectations, while also raising its full-year profit guidance. The company projects $12.5 billion in gross profit, $3.5 billion in adjusted operating income, and $4.02 in adjusted diluted earnings per share by 2026, all metrics exceeding previous forecasts. Both Square and Cash App businesses showed growth, with the application of AI tools increasing the amount of code modifications per engineer by 150%. The company's stock rose about 3% in after-hours trading and is up approximately 30% year-to-date. However, due to the continued sluggishness in Bitcoin prices and the company's reduction of certain transaction fees, gross profit from the Bitcoin business fell by 31%, dragging down overall profit.