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via Cointelegraph · By Cointelegraph Staff
Core Scientific Q1 Loss Hits $347M As Mining Revenue Falls
BTC
BTC/USDT
$63,199.99
+0.21%
$63,199.99
+0.21%
(24s)24h Volume
$4,596,764,313.27
24h H/L
$63,390.00 / $62,716.00
Change: $674.00 (1.07%)
Long/Short
69.0%
Long: 69.0%Short: 31.0%
Funding Rate
+0.0024%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(01:33 PM UTC)
1 min read
Core Scientific (CORZ) reported a $347.2 million first-quarter net loss as its Bitcoin self-mining revenue fell sharply and high-density colocation became its largest revenue source.
In its earnings report published Wednesday, the company reported a net loss of $1.06 per diluted share for the quarter. A year earlier, Core Scientific reported diluted earnings of $1.24 per share.
Core…
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