Core Scientific shares fall after Q1 swings to $347.2M net loss despite higher revenue

Core Scientific reported a Q1 2026 net loss of $347.2 million, and its shares fell 7% in after-hours trading. Total revenue rose to $115.2 million from $79.5 million a year earlier, while gross profit increased to $30.1 million from $8.2 million. The company said self-mining revenue fell as bitcoin mined dropped 45%, while colocation revenue jumped to about $77.5 million.

BTC-1.53%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin