Nasdaq-listed Bitcoin mining company – Core Scientific
In the first quarter of 2025, Bitcoin mining company Core Scientific achieved a net profit of 580.7 million USD, doubling compared to the same period last year. This success is primarily due to non-cash income of 621.5 million USD from the market value adjustment of options after last year's bankruptcy restructuring.
Although revenue has sharply decreased to 79.5 million USD, Core Scientific is pivoting and expanding its high-performance computing business.
The company has signed a large energy service contract with CoreWeave, expected to bring in 360 million USD in revenue over the next year. This content provides market information, not investment advice.
Source: https://tintucbitcoin.com/profit-580-million-usd-of-core-scientific-increases-due-to-option-adjustment/
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