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Core Scientific Q1 Loss Hits $347M As Mining Revenue Falls – #CryptoUpdatesGNIT
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Core Scientific Q1 Loss Hits $347M As Mining Revenue Falls – #CryptoUpdatesGNIT
Core Scientific (CORZ) reported a $347.2 million first-quarter net loss as its Bitcoin self-mining revenue fell sharply and high-density colocation became its largest revenue source. In its earnings report published on Wednesday, the company reported a net loss of $1.06 per diluted share for the quarter. A year earlier, Core Scientific reported diluted earnings of $1.24 per share. Core Scientific said the loss included $266.5 million in non-cas…
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