Core Scientific Reports Steep Revenue Decline in Q2 2025

Core Scientific, a Nasdaq-listed Bitcoin mining company, has released its second quarter financial results for fiscal year 2025. The report indicates a substantial decrease in revenue, reaching $62.4 million compared to the previous year’s $110.7 million. This decline is largely attributed to a 62% reduction in Bitcoin mining output. Notably, digital asset hosting mining revenue plummeted to $5.6 million from $24.8 million in the preceding year, resulting in a gross profit of $5 million, down significantly from $38.8 million last year.