Core Scientific reports Q4 2023 revenue $141.9M, adj EBITDA $57.5M; net loss improves $239M YoY

Core Scientific, Inc./tx

Total revenue Q4 $141.9M (+17% YoY); full-year $502.4M (-22% YoY, due to exit from equipment sales).
Net loss Q4 $195.7M, improved $239.2M from Q4 2022; full-year net loss $246.5M, improved $1.90B.
Adjusted EBITDA Q4 $57.5M (vs $6.3M), full-year $170.0M (vs -$10.7M); driven by lower power costs and cost cuts.
Self-mined 13,762 bitcoin in FY2023, most among listed North American miners; operated 23.2 EH/s total hash rate.
Announced long-term hosting contract with CoreWeave for GPU cloud/AI compute, expanding beyond bitcoin mining.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Core Scientific, Inc./tx reported fourth fiscal quarter and full year ended December 31, 2023 results: revenue $141.9 million, net income Net loss of $195.7 million.

Period: fourth fiscal quarter and full year ended December 31, 2023
Revenue: $141.9 million
Net income: Net loss of $195.7 million
Result: reported results

Exact text from the filing

reported its financial results for the fiscal fourth quarter and year ended December 31, 2023. Fiscal Fourth Quarter 2023 Compared to Fiscal Fourth Year 2022 • Total revenue of $141.9 million, an increase of $20.7 million • Net loss of $195.7 million, an improvement of $239.2 million • Adjusted EBITDA of $57.5 million, an increase of $51.2 million Fiscal Year 2023

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Source: SEC EDGAR

accession 0001628280-24-010544

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