Odaily Planet Daily reports that Bitcoin mining company Core Scientific announced its Q4 2025 financial results, showing mixed performance. As the company accelerates its shift toward high-density data center colocation services, mining revenue has significantly declined.
The financial report shows that the company’s total revenue for Q4 was $79.8 million, down from $94.9 million in the same period last year. Bitcoin mining revenue dropped to $42.2 million from $79.9 million in Q4 2024, a substantial decrease.
However, the company emphasized that revenue from data center colocation services surged to $31.3 million, up from $8.5 million in 2024. This growth was mainly driven by operational expansion in colocation services. Colocation refers to businesses renting out non-owned computing infrastructure for deployment.
Core Scientific CEO Adam Sullivan stated that over half of their current construction projects are completed, and they are expanding the colocation platform to a pipeline of 1.5 gigawatts of leasable capacity. With a multi-region layout and proven execution capabilities, the company is accelerating the commissioning of multiple sites to promote long-term sustainable growth.
In terms of profitability, gross profit for Q4 increased to $20.8 million from $4.8 million in the same period last year; however, the company’s adjusted EBITDA remains at -$42.7 million, indicating ongoing profitability pressures during the transition.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
AI Agents Prefer Bitcoin Over Fiat, New Study Finds
A Bitcoin Policy Institute study delves into how artificial intelligence models choose among money forms in a variety of hypothetical scenarios, revealing a strong inclination toward Bitcoin and digital money over fiat in most cases. The research tested 36 models across six providers and generated m
CryptoBreaking4m ago
Ray Dalio: Bitcoin is not suitable as a long-term store of value or a hedge asset
ChainCatcher News, Bridgewater Associates founder Ray Dalio stated on Tuesday's All-In Podcast that Bitcoin is not suitable as a long-term store of value or hedge asset, citing reasons such as lack of central bank support, as well as uncertainties surrounding its privacy protections and quantum resistance.
He said Bitcoin cannot become "digital gold," emphasizing that "there is only one gold in the world." Gold is not a speculative precious metal, but "the most mature form of currency," and it is the second-largest reserve asset held by central banks worldwide. He also expressed difficulty understanding why central banks would buy and hold Bitcoin long-term.
GateNews16m ago
Ray Dalio warns of four major weaknesses of Bitcoin: BTC is unlikely to become a hedge asset, and there is only one gold in the world
Ray Dalio pointed out in an interview that gold is the only reliable hedge asset, warning that Bitcoin cannot become a long-term store of value due to four major flaws: privacy issues, lack of backing, technological risks, and its correlation with tech stocks. He analyzed the fiscal crisis facing the United States and called on investors to pay attention to historical cycles and financial balance.
ChainNewsAbmedia34m ago
American Bitcoin Acquires 11,298 ASIC Miners, Expanding Owned Hashrate to 28.1 EH/s
American Bitcoin Corp. (Nasdaq: ABTC) announced on March 3, 2026, the purchase of 11,298 ASIC miners, adding approximately 3.05 exahash per second of mining capacity at an efficiency of 13.5 joules per terahash.
CryptopulseElite50m ago
Former Trump crypto advisor: The U.S. government cannot remain only at the level of "liking Bitcoin"
Former crypto advisor David Bailey stated that the U.S. government should be more proactive in supporting Bitcoin. He pointed out that although Trump signed the relevant order, the government has not yet implemented concrete actions. Bailey believes that truly supporting Bitcoin requires more political effort and public engagement.
GateNews57m ago
