Core Scientific GAAP EPS of -$0.46 misses by $0.43, revenue of $81.1M

Published 1 week ago Negative
Core Scientific GAAP EPS of -$0.46 misses by $0.43, revenue of $81.1M
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* Core Scientific press release [https://seekingalpha.com/pr/20279346-core-scientific-announces-fiscal-third-quarter-2025-results] (NASDAQ:CORZ [https://seekingalpha.com/symbol/CORZ]): Q3 GAAP EPS of -$0.46 misses by $0.43.
* Revenue of $81.1M (-14.9% Y/Y).
* Digital asset self-mining revenue was $57.4 million, down from $68.1 million in the prior-year period. The decline was primarily driven by a 55% decrease in bitcoin mined, partially offset by a 88% increase in the average bitcoin price.
* Digital asset hosted mining revenue was $8.7 million, down from $16.9 million in the same period a year ago. The decrease was driven by the continued strategic shift to our high-density colocation business.
* High-Density Colocation (“HDC”, formerly “HPC hosting”) revenue was $15.0 million, up from $10.3 million in the third quarter of 2024. The increase was due to the expansion of colocation operations since the prior-year period.

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