Core Scientific Revenue Jumps 187% as Self-Mining Income Falls 79%

Core Scientific’s revenue mix is shifting toward data centers: third-quarter revenue rose 187% year over year to $233 million as high-density hosting outweighed a steep drop in Bitcoin (BTC) self-mining income. Data-center hosting generated $215.4 million, about 92.5% of revenue. Self-mining brought in $12.26 million, down about 79% from the same quarter last year. Net income reached $1.178 billion, compared with a $144 million loss a year earlier. The increase was driven mainly by a noncash gain tied to a change in the fair value of warrants.

Source: TokenPost