Core Scientific's Q2 revenue misses estimates, net loss widens
Overview
Core Scientific fiscal Q2 2025 revenue misses analyst expectations, falling to $78.6 mln
Net loss widens to $936.8 mln, driven by non-cash fair value adjustments
Result Drivers
BITCOIN MINING DECLINE - 62% decrease in bitcoin mined led to lower digital asset self-mining revenue, partially offset by higher bitcoin prices
STRATEGIC SHIFT - Hosted mining revenue fell due to strategic focus on colocation services
COLOCATION EXPANSION - Revenue from colocation services increased due to expansion into Denton, Texas
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $78.60 mln | $81.60 mln (13 Analysts) |
Q2 EPS |
| -$0.04 |
|
Q2 Adjusted EBITDA |
| $21.50 mln |
|
Q2 Gross Profit |
| $5 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"
Wall Street's median 12-month price target for Core Scientific Inc is $18.00, about 20.3% above its August 7 closing price of $14.35
Press Release: ID:nBw9yNjwza
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