Core Scientific posts $347M loss as AI hosting overtakes Bitcoin mining
Burns Brief
Core Scientific mined 279 BTC in the quarter, down 45% from a year earlier, while its colocation business became its top revenue source The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC for reaction — a decisive move above or below key levels will confirm the next trend.
Core Scientific mined 279 BTC in the quarter, down 45% from a year earlier, while its colocation business became its top revenue source.
Key Takeaways
- Core Scientific mined 279 BTC in the quarter, down 45% from a year earlier, while its colocation business became its top revenue source