Nasdaq-listed Bitcoin miner Core Scientific Inc. has reported a net income of $580 million for the first quarter of 2025, more than double the $210 million recorded during the same period last year. However, the firm fell short of analyst expectations for revenue, signalling the growing impact of industry shifts ...
Core Scientific has announced a $1.2 billion expansion of its Denton, Texas, data centre through an extended partnership with AI-focused cloud provider CoreWeave. This move further strengthens the company’s position in high-performance computing (HPC) and AI infrastructure. They confirmed that the expansion will add 70 megawatts (MW) of contracted power, ...
US based Bitcoin miner Core Scientific has increased its fundraising goal to $400 million, surpassing its initial target of $350 million. The company plans to achieve this through a private offering of convertible senior notes, as announced in another press release on August 14, 2024. In a press release, the ...
Core Scientific, a leading Bitcoin mining firm in the U.S., is doubling down on providing its services to artificial intelligence (AI) companies as it tries to expand its operations and navigate the market challenges posed by the recent Bitcoin halving. On June 4, the company announced a $3.5 billion partnership ...
Bitcoin mining firm Core Scientific recorded significant improvements in its financial performance for the first quarter since emerging from bankruptcy. In its latest earnings report, the company reported total revenue of $179.3 million in the first quarter of 2024, a substantial increase of $58.6 million compared to the same period ...
In the fiscal year 2023, US Bitcoin mining firm Core Scientific successfully mined over 19,274 BTC tokens, according to their recently released December and full-year production report. This impressive figure includes 13,762 self-mined tokens and 5,512 customer-mined tokens within its data centres. The mining firm also noted that it had ...
