PANews reports on August 9th that according to Businesswire, Nasdaq-listed Bitcoin mining company Core Scientific released its financial performance report for the second quarter of fiscal year 2025, revealing that mining revenue for the quarter was $62.4 million, lower than $110.7 million in the same period last year, primarily due to a 62% decrease in Bitcoin mining production. Additionally, the company's digital asset custody mining revenue was $5.6 million, also lower than $24.8 million in the same period last year, with a gross profit of $5 million, compared to $38.8 million in the same period last year.
Regarding market concerns about the opposition to selling to CoreWeave entirely in stock, Core Scientific responded that the transaction is still pending and requires approval from the company's shareholders and customary closing conditions, including approval from applicable regulatory authorities.
