According to PANews, Core Scientific, a Nasdaq-listed Bitcoin mining company, has released its financial results for the second quarter of the 2025 fiscal year. The report reveals a significant decrease in mining revenue, totaling $62.4 million, compared to $110.7 million in the same period last year. This decline is attributed to a 62% drop in Bitcoin mining output. Additionally, the company's digital asset hosting mining revenue fell to $5.6 million from $24.8 million in the previous year, with a gross profit of $5 million, down from $38.8 million.
In response to market concerns regarding the proposed all-stock sale to CoreWeave, Core Scientific stated that the transaction is still pending. The deal requires approval from the company's shareholders and customary closing conditions, including applicable regulatory approvals.
