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Core Scientific: Q2 Mining revenue was $62.4 million, Bitcoin mining output decreased by 62%.
CoinVoice has recently learned that, according to Businesswire, NASDAQ-listed Bitcoin mining company Core Scientific has announced its financial performance report for the second quarter of 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, mainly due to a 62% decrease in Bitcoin mining output.
In addition, 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.
In response to market concerns regarding the sale of CoreWeave in the form of all-stock, 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.