Core Scientific Posts $580M Q1 Profit, Misses Revenue Estimates

Description

Bitcoin mining company Core Scientific Inc. reported a first-quarter net profit of $580 million for 2025, a sharp increase from $210 million a year earlier. However, the firm missed revenue expectations, as income dropped amid declining mining yields and a shift in business strategy. According to the company’s May 7 earnings release , total revenue for Q1 reached $79.5 million, falling short of Zacks analyst estimates by over 8%. This marked a significant decline from the $179.3 million Core Sci...