Overview

* Core Scientific fiscal Q2 2025 revenue misses analyst expectations, falling to $78.6 mln

* Net loss widens to $936.8 mln, driven by non-cash fair value adjustments

Result Drivers

* BITCOIN MINING DECLINE - 62% decrease in bitcoin mined led to lower digital asset self-mining revenue, partially offset by higher bitcoin prices

* STRATEGIC SHIFT - Hosted mining revenue fell due to strategic focus on colocation services

* COLOCATION EXPANSION - Revenue from colocation services increased due to expansion into Denton, Texas

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $78.60 $81.60

Revenue mln mln (13

Analysts

)

Q2 EPS -$0.04

Q2 $21.50

Adjusted mln

EBITDA

Q2 Gross $5 mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"

* Wall Street's median 12-month price target for Core Scientific Inc ( CORZ ) is $18.00, about 20.3% above its August 7 closing price of $14.35

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)