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via CoinDesk · By CoinDesk Staff

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

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24h Volume

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24h H/L

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Support 3$57,800.19

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Trend:Downtrend

RSI (14):41.8

CoinDesk Staff

(10:08 AM UTC)

1 min read

Updated byEmily Watson

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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