Core Scientific Q1 Loss Hits $347M As Mining Revenue Falls

BTC

BTC/USDT

$79,926.00

+0.22%

$79,926.00

+0.22%

(24s)

24h Volume

$6,941,458,402.13

24h H/L

$80,107.99 / $79,233.00

Change: $874.99 (1.10%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0025%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,812.01

▼ -0.02%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$80,157.58

Price$79,812.01

Support 1$79,635.96

Support 2$77,523.79

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.7

Cointelegraph Staff

(01:33 PM UTC)

1 min read

Verified byMichael Roberts

0 comments

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…