CoinVoice recently learned that Nasdaq-listed bitcoin miner Core Scientific's net profit in the first quarter (Q1) of 2025 reached $580.7 million, doubling year-on-year, mainly due to $621.5 million in non-cash gains from mark-to-market adjusted warrants after bankruptcy restructuring last year. Despite a sharp year-over-year decline in revenue to $79.5 million, the company is transforming to expand its high-performance computing business and signing a large energy service agreement with CoreWeave, which is expected to generate $360 million in revenue next year.
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CoinVoice recently learned that Nasdaq-listed bitcoin miner Core Scientific's net profit in the first quarter (Q1) of 2025 reached $580.7 million, doubling year-on-year, mainly due to $621.5 million in non-cash gains from mark-to-market adjusted warrants after bankruptcy restructuring last year. Despite a sharp year-over-year decline in revenue to $79.5 million, the company is transforming to expand its high-performance computing business and signing a large energy service agreement with CoreWeave, which is expected to generate $360 million in revenue next year.