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
Riot Posts Record $647M Revenue in 2025 as Bitcoin Miners Struggle
Riot Platforms (NASDAQ: RIOT) closed 2025 with a record revenue footprint, anchored by a surge in Bitcoin (CRYPTO: BTC) mining and a strategic pivot toward AI-friendly data infrastructure. The miner reported $647.4 million in revenue for the year, up 72% from $376.7 million in 2024, with Bitcoin min
CryptoBreaking10m ago
Data: If BTC breaks through $69,759, the total liquidation strength of long positions on mainstream CEXs will reach $1.234 billion.
ChainCatcher reports that, according to Coinglass data, if BTC breaks through $69,759, the total liquidation strength of mainstream CEX short positions will reach $1.234 billion. Conversely, if BTC drops below $63,223, the total liquidation strength of mainstream CEX long positions will reach $952 million.
GateNews13m ago
Riot Platforms pays $20 million to settle dispute with SBI Crypto
Riot Platforms agreed to pay $20 million dollars to SBI Crypto to settle a three-year lawsuit regarding a Bitcoin mining storage agreement in Texas. The complaint began in April 2023, with SBI initially seeking over $175 million dollars in damages.
TapChiBitcoin19m ago
Wintermute: Despite a brief rebound on Monday, the market remains fragile. Caution is advised.
Wintermute stated that Iran's geopolitical conflicts are causing volatility in risk assets, leaving the cryptocurrency market fragile. After a brief rebound, it remains under pressure. Despite ETF inflows, institutional participation is noticeably insufficient, and the bear market trend for altcoins continues. Investors are advised to remain cautious and monitor the developments of the conflict and their impact on energy costs and interest rate expectations.
GateNews21m ago
Core Scientific sells approximately 1,900 BTC and shifts its business focus to AI data centers
Odaily Planet Daily reports that Core Scientific sold approximately 1,900 BTC in January, totaling about $175 million. The company currently holds fewer than 1,000 BTC and is shifting its business focus from mining to AI data centers. (Cointelegraph)
GateNews23m ago
Citrea Foundation Launches to Strengthen Bitcoin’s Programmable Layer
The Citrea Foundation, launched on March 2, 2026, aims to enhance Bitcoin’s application layer through research, grants, and decentralized governance, focusing on interoperability and scaling Bitcoin's utility beyond just a store of value.
ICOHOIDER26m ago
