Core Scientific announces third quarter results for fiscal year 2025

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Core Scientific announced that its total revenue for the third quarter of 2025 was $81.1 million, down from $95.4 million in the same period last year. Although the average price of Bitcoin rose by 88%, the Bitcoin Mining volume decreased by 55%, leading to a decline in self-mining revenue for digital assets to $57.4 million. The company reported a net loss of $146.7 million, an improvement from a net loss of $455.3 million in the same period last year, and adjusted EBITDA (EBITDA) was $2.4 million. The current assets amounted to $694.8 million, which included $453.4 million in cash and $241.4 million in Bitcoin. Core Scientific also confirmed its plans for an all-stock merger with CoreWeave, pending shareholder approval at a special shareholders' meeting on October 30.

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