Core Scientific Reports Q1 2025: Bitcoin Mining Decline and Strategic Shift Could Influence Future Revenue Growth

Core Scientific Reports Q1 2025: Bitcoin Mining Decline and Strategic Shift Could Influence Future Revenue Growth

Core Scientific’s Q1 2025 revenue fell 55.7% to $79.5 million, driven by a decline in Bitcoin mining output. Despite a revenue drop, net income surged by 175.6%, driven by a

Core Scientific Faces 55.7% Revenue Decline in Q1 2025 Amid Strategic Shift – MAXBIT

Core Scientific (CORZ), a Bitcoin (BTC) mining company and high-density colocation services provider, has released its Q1 2025 financial report. The report revealed a sharp 55.7% revenue decline. Despite the shortfall, the firm’s net income increased 175.6% in the same period. Core Scientific Q1 2025 Report: Revenue Plunges Yet Net Income Surges According to the...

Core Scientific Reports $580M Q1 Profit Despite 56% Revenue Decline

TLDR Core Scientific reported $580.7 million in Q1 2025 net profit, more than double Q1 2024’s $210.7 million Revenue fell to $79.5 million from $179.3 million year-over-year, missing analyst estimates Profit largely driven by $621.5 million non-cash mark-to-market warrant adjustments related to stock price decrease Company pivoting from Bitcoin mining toward high-performance compute (HPC) hosting for AI CoreWeave partnership expected to genera…