Core Scientific reports Q3 revenue decline amid pending CoreWeave merger

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Go back to Core Scientific reports Q3 revenue decline amid pending CoreWeave merger

Core Scientific Announces Fiscal Third Quarter 2025 Results

October 24, 2025 4:05 PM EDT

AUSTIN, Texas--(BUSINESS WIRE)-- Core Scientific, Inc. (NASDAQ: CORZ), a leader in digital infrastructure for high-density colocation services and digital asset mining, today announced financial results for the fiscal third quarter of 2025.

Fiscal Third Quarter 2025 Financial Results

Total revenue was $81.1 million compared to $95.4 million in the third quarter of 2024. Digital asset self-mining revenue was $57.4 million, down from $68.1 million in the prior-year period. The decline was primarily driven by a 55% decrease in bitcoin mined, partially offset by a 88% increase in the average bitcoin... More