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via The Block · By The Block Editorial

Core Scientific shares slip after bitcoin miner swings to Q1 net loss despite higher revenue

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The Block Editorial

(08:40 AM UTC)

1 min read

Updated byEmily Watson

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Bitcoin miner Core Scientific (CORZ) saw its shares fall 7% in after-hours trading on Wednesday after the firm reported a first-quarter net loss despite higher revenue and gross profit.

The company reported $115.2 million in total revenue in Q1 2026, up from $79.5 million in the same period last year, according to its latest earnings report. Its gross profit reached $30.1 million, compared to…

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