Core Scientific stocks declined on Monday after reporting Q4 results below expectations. Revenue reached $79.8 million, down 16% year-over-year and below the forecast of $90.4 million. Cryptocurrency mining revenue plummeted nearly 50%, to $42.2 million.
The company reported a net profit of $216 million, mainly due to a non-cash asset revaluation gain of $330.3 million, while adjusted EBITDA showed a loss of $42.7 million. The disappointing results occurred as Bitcoin traded around $68,000, a sharp decline from the end-of-year peak, putting pressure on miners’ profits.
Core Scientific is shifting focus to AI infrastructure, expanding its colocation platform to 1.5 gigawatts. The stock fell 2.8% to $16.49 but remains up over 13% since the start of the year. Competitor Riot Platforms also missed revenue estimates and traded sideways.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
GT 24H Up 8.28%, current price 7.44 USDT
Gate News bot message, Gate market display, GT has increased by 8.28% in the past 24 hours, current price 7.44 USDT.
CryptoRadar9m ago
ETH drops 1.02% in 15 minutes: whale sell-offs and leverage liquidations drive short-term pressure
On March 4, 2026, from 20:45 to 21:00 (UTC), ETH experienced a 1.02% decline in return over 15 minutes, with price fluctuations ranging from 2149.69 to 2174.09 USDT, and an amplitude of 1.12%. Market attention increased during this period, volatility intensified, attracting a large amount of short-term capital participation, and investor caution significantly heightened.
The main driving force behind this anomaly was large on-chain holders transferring substantial amounts of ETH to trading platforms and executing sell operations, leading to short-term selling pressure. Whale concentrated selling behavior tends to amplify price fluctuations in a market environment with low liquidity.
GateNews34m ago
BTC drops below 73,000 USDT
Gate News bot message, Gate market display, BTC drops below 73,000 USDT, current price 72,994.3 USDT.
CryptoRadar36m ago
GT 24H Up 5.07%, current price 7.24 USDT
Gate News bot message, Gate market display, GT has increased by 5.07% in the past 24 hours, current price is 7.24 USDT.
CryptoRadar51m ago
KIN surged 150.76% after launching on Alpha, now priced at 0.02817 USDT
Gate News bot message, Gate Market Display, since launching Alpha, KIN has increased by 150.76%, now priced at 0.02817 USDT.
CryptoRadar1h ago
Continuing to rise! Bitcoin briefly breaks above $74,000, Ethereum surpasses $2,200, and the entire network experiences $570 million in liquidations.
Bitcoin (BTC) broke through $74,000 today, boosting the overall cryptocurrency market sentiment. Ethereum (ETH) also rose, surpassing $2,200. Market analysis suggests that this upward trend is driven by institutional capital inflows and safe-haven demand, but investors should be cautious of market volatility and profit-taking pressure.
動區BlockTempo2h ago
