According to ChainCatcher, citing Businesswire, Nasdaq-listed Bitcoin mining company Core Scientific released its financial performance report for the second quarter of fiscal year 2025, disclosing that its mining revenue for the quarter was $62.4 million, lower than the $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 the $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 in an all-stock transaction, 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.
