Core Scientific reports third-quarter revenue of $232.87M and EPS of $0.47
Core Scientific said higher colocation billings from incremental customer capacity more than offset lower self-mining revenue amid reduced bitcoin production and prices. The company swung to net income, primarily driven by a fair-value gain.
Core Scientific’s revenue rose sharply year over year as higher colocation billings from incremental customer capacity more than offset lower self-mining revenue amid reduced bitcoin production and prices. The company swung to net income, primarily driven by a gain from changes in the fair value of…