$SOLV $EOS $BB In the first quarter of 2025, the mining company Core Scientific reported a net profit of $580 million, which was more than double the figure from a year ago ($210 million). However, revenue amounted to only $79.5 million compared to $179.3 million a year earlier and was 8.1% below analysts' forecasts from Zacks.

The majority of the income came from its own mining operations ($67.2 million), with hosting mining farms in second place ($3.8 million).

The decline in revenue is attributed to the effects of Bitcoin halving in April 2024 and the transition of some capacities towards HPC and AI processing, which was partially offset by a 74% increase in the average Bitcoin price and a 33% reduction in electricity costs.