earnings
confidence high
sentiment negative
materiality 0.80
Core Scientific Q2 revenue $78.6M, down 44% YoY; net loss $936.8M on warrant adjustments
Core Scientific, Inc./tx
2025-Q2 EPS reported
-$0.21
revenue$158,153,000
- Total revenue $78.6M, down from $141.1M YoY; digital asset self-mining revenue $62.4M (down 44%).
- Net loss $936.8M primarily due to $910M non-cash fair value adjustments on warrants and CVRs.
- Adjusted EBITDA $21.5M vs $46.0M YoY; colocation revenue grew to $10.6M from $5.5M.
- Bitcoin mined decreased 62% YoY, partially offset by 50% higher average bitcoin price.
- Pending CoreWeave acquisition: all-stock at exchange ratio 0.1235; requires stockholder approval.
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