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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
$59,611.17
-1.85%
$59,611.17
-1.85%
(24s)24h Volume
$29,297,201,874.04
24h H/L
$61,962.40 / $58,115.01
Change: $3,847.39 (6.62%)
Long/Short
71.6%
Long: 71.6%Short: 28.4%
Funding Rate
+0.0014%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(10:08 AM UTC)
1 min read
1260 views
0 commentsThe 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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