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Core Scientific's mining revenue in the second quarter was $62.4 million, a 43% decrease year-on-year.
According to reports, Nasdaq-listed Bitcoin mining company Core Scientific has announced its financial performance report for the second quarter of the fiscal year 2025, which disclosed that the mining revenue for the second quarter was $62.4 million, down from $110.7 million in the same period last year, primarily due to a 62% decline in Bitcoin mining output.
In addition, 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.
In response to market concerns regarding the sale of shares in full stock form to CoreWeave, Core Scientific stated that the transaction is still pending and requires approval from the company's shareholders as well as customary closing conditions, including applicable regulatory approvals.