Core Scientific: Q2 mining revenue was $62.4 million, Bitcoin mining output decreased by 62%

ChainCatcher news, according to Businesswire, Nasdaq-listed Bitcoin mining company Core Scientific announced its financial performance report for the second quarter of fiscal year 2025, disclosing 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% decrease in Bitcoin mining output.

In addition, the company's digital asset custody mining revenue was $5.6 million, also down from $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 opposition to selling to CoreWeave entirely in stock, Core Scientific stated that the transaction is still pending, requiring approval from the company's shareholders and customary closing conditions, including applicable regulatory approvals.