Nasdaq-listed bitcoin miner Core Scientific announced the financial results of the second quarter of fiscal year 2025, which disclosed that the mining revenue in the second quarter was 62.40 million US dollars, lower than 110.70 million US dollars in the same period last year, mainly due to the decline of 62% in bitcoin mining production; In addition, the company's digital asset custody mining revenue was 5.60 million US dollars, also lower than 24.80 million US dollars in the same period last year, and gross profit was 5 million US dollars, compared with 38.8 million US dollars in the same period last year.
In response to market concerns about an all-stock sale to CoreWeave, Core Scientific responded that the transaction is pending and subject to approval by the company's shareholders and customary closing conditions, including applicable regulatory approvals.
Core Scientific: Q2 mining output fell 62% year-on-year, merger with CoreWeave still needs shareholder approval
2025-08-09 00:53:27
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