On February 27th, according to Cointelegraph, Bitcoin miner Core Scientific announced its results for the fourth quarter and full year of 2024. The company reported a net loss of $265.50 million for the fourth quarter, mainly due to "non-cash mark-to-market adjustments for warrants and other contingent rights liabilities" of $224.70 million. The company said that due to its sharp year-on-year increase in its share price, the accounting treatment of financial obligations needs to be updated, so the adjustment must be made. Core Scientific stressed that the loss does not represent an actual cash outflow.
Core Scientific and CoreWeave have reached a 12-year AI data center expansion agreement, causing their shares to rise 11%.
Core Scientific, a mining company, reports a net loss of $265.50 million in Q4 2024
2025-02-27 09:22:40
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
矿企Core Scientific公布2024年Q4财报，净亏损2.655亿美元Next article：
韩国将作为临时组织运营的虚拟资产犯罪联合搜查组升格为正式部门
