Core Scientific's Q2 revenue misses estimates, net loss widens

Core Scientific

08/08/2025 21:20

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

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)