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via CoinDesk · By CoinDesk Staff

Core Scientific sold $208 million of bitcoin in Q1 as AI pivot continues

BTC

BTC/USDT

$65,252.01

+1.29%

$65,252.01

+1.29%

(24s)

24h Volume

$6,844,504,261.32

24h H/L

$65,577.00 / $64,293.81

Change: $1,283.19 (2.00%)

Long/Short

62.1%

Long: 62.1%Short: 37.9%

Funding Rate

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Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

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▲ 1.52%

Volume (24h): -

Resistance Levels

Resistance 3$72,756.77

Resistance 2$70,467.59

Resistance 1$66,379.48

Price$65,354.10

Support 1$64,335.08

Support 2$63,259.52

Support 3$61,824.97

Pivot (PP):$64,220.09

Trend:Uptrend

RSI (14):54.9

CoinDesk Staff

(10:08 AM UTC)

1 min read

Updated byEmily Watson

1260 views

0 comments

The firm's AI pivot relies on a 590 MW contract expansion with CoreWeave, projected for $10.2 billion in revenue over 12 years.

Core Scientific (CORZ) reported a $347.2 million first-quarter loss even as revenue rose to $115.2 million, as the former bitcoin mining heavyweight sold 2,385 bitcoin for $208.3 million and wrote down $266.5 million of mining-related assets.

The company said the bitcoin…

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CoinDesk Staff · CoinDesk

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