Core Scientific, a Nasdaq-listed Bitcoin mining company, achieved a significant profit jump in the first quarter of 2025. According to PANews, the company reported a net profit of $580.7 million for this period, marking a substantial year-on-year increase. A major factor behind this growth is a non-cash gain from warrant adjustments following last year’s bankruptcy restructuring, which boosted their bottom line significantly. While revenue dipped to $79.5 million in Q1 2025 compared to the previous year, Core Scientific is actively transitioning its business model by expanding into high-performance computing. This strategic shift was further solidified with a significant energy services agreement signed with CoreWeave, expected to generate $360 million in revenue next year.