Publicly traded bitcoin miner Core Scientific Inc. reported first-quarter net income of $580 million, but that figure fell short of revenue expectations.
According to the company, in the first months of 2025, the company’s net income more than doubled compared to the previous quarter, and total revenue reached $79,5 million. The latter figure was 8,11% below the Zacks analyst consensus and $179,3 million less than in the first quarter of 2024.
Core Scientific’s $67,2 million in revenue came primarily from independent mining, which brought in $67,2 million.
Core Scientific CEO Adam Sullivan said the first quarter was a «game-changer» as the company found itself «at the center of one of the most significant shifts in modern computing» as demand for high-performance data infrastructure grew.
Following the publication of the financial report for the first quarter of the stock Bitcoin-miner Core Scientific (CORZ), which trades on the Nasdaq, fell 1 percent to $8,90, according to Google Finance. However, they later jumped more than 3 percent to trade at $9,24.
