Core Scientific Revenue Falls 44 Percent

Core Scientific (NASDAQ:CORZ), a digital infrastructure provider with roots in bitcoin mining, reported its Q2 FY2025 results on August 8, 2025. The report revealed a mixed performance. The company posted a net loss, largely due to non-cash charges, as GAAP revenue dropped to $78.6 million, missing analyst expectations of $83.8 million (GAAP). This represented a 44.3% year-over-year decline. The results reflected continued pressure in Core Scientific’s legacy bitcoin mining operations, only partly offset by growing, though still modest, revenue from its newer colocation and AI computing business. Overall, the quarter underscored both the ongoing costs of transition and some encouraging early growth in new digital infrastructure services. Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. Core Scientific operates purpose-built facilities for digital asset mining (such as bitcoin) and high-density colocation, also known as hosting services for demanding computing needs like artificial intelligence. Historically, the company earned most of its revenue by directly mining bitcoin using fleets of specialized computers known as application-specific integrated circuits (ASICs).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool