PANews, August 9, according to Businesswire, the Nasdaq-listed Bitcoin mining company Core Scientific announced its financial performance report for the second quarter of the fiscal year 2025, which disclosed that the mining revenue in the second quarter was $62.4 million, down from $110.7 million in the same period last year, mainly due to a 62% decline in Bitcoin mining output; in addition, the company's digital asset custody mining revenue was $5.6 million, also lower than $24.8 million in the same period last year, with a gross profit of $5 million, compared to $38.8 million in the same period last year.
In response to market concerns about opposing the sale to CoreWeave in all-stock form, Core Scientific stated that the transaction is still pending, requiring approval from the company's shareholders as well as customary closing conditions, including applicable regulatory approvals.
