Nasdaq-listed Bitcoin mining company Core Scientific's net profit in Q1 2025 reached US$580.7 million

This article is machine translated
Show original

According to ChainCatcher, Nasdaq-listed Bitcoin mining company Core Scientific reported a net profit of $580.7 million in the first quarter of 2025, which doubled year-on-year, primarily due to a $621.5 million non-cash gain from warrant adjustments based on market capitalization after last year's bankruptcy restructuring. Despite a sharp year-on-year decline in revenue to $79.5 million, the company is transforming and expanding its high-performance computing business, and has signed a significant energy service agreement with CoreWeave, expected to generate $360 million in revenue next year.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments