---
title: "Core Scientifc - CW29 | 8-K: FY2025 Q1 Revenue: USD 79.53 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/239193912.md"
datetime: "2025-05-07T20:15:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/239193912.md)
  - [en](https://longbridge.com/en/news/239193912.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/239193912.md)
generator: "portal-rs"
---

# Core Scientifc - CW29 | 8-K: FY2025 Q1 Revenue: USD 79.53 M

Revenue: As of FY2025 Q1, the actual value is USD 79.53 M.

EPS: As of FY2025 Q1, the actual value is USD 1.25.

EBIT: As of FY2025 Q1, the actual value is USD -42.6 M.

### Segment Revenue

-   **Total Revenue**: $79.5 million, down from $179.3 million in the same period last year.
-   **Digital Asset Self-Mining Revenue**: $67.2 million, a decrease from $149.9 million in the prior year.
-   **Digital Asset Hosted Mining Revenue**: $3.8 million, down from $29.3 million in the prior year.
-   **Colocation Revenue**: $8.6 million, with no comparable figure from the prior year as it was previously categorized under HPC hosting.

### Operational Metrics

-   **Net Income**: $580.7 million, up from $210.7 million in the prior year, primarily due to a $621.5 million non-cash mark-to-market adjustment.
-   **Operating Loss**: - $42.6 million, compared to an operating income of $55.2 million in the prior year.
-   **Adjusted EBITDA**: - $6.1 million, a decrease from $88.0 million in the prior year.
-   **Gross Profit**: $8,213 thousand for Q1 2025, a decrease of 89% from $77,646 thousand in Q1 2024.

### Cash Flow

-   **Net Cash Used in Operating Activities**: - $40.6 million, compared to $22.2 million provided by operating activities in the prior year.
-   **Net Cash Used in Investing Activities**: - $93.5 million for Q1 2025, compared to - $32.0 million in Q1 2024.
-   **Net Cash Used in Financing Activities**: - $4.2 million for Q1 2025, compared to $54.4 million provided in Q1 2024.

### Unique Metrics

-   **Liquidity Position**: Ended the quarter with $778.6 million in cash, cash equivalents, and digital assets.
-   **Cash Cost to Self-Mine a Bitcoin**: $56,627 for Q1 2025, up from $18,853 in Q1 2024.

### Outlook / Guidance

Core Scientific is on track to deliver 250MW of billable capacity to CoreWeave by the end of the year, with an anticipated annualized colocation revenue of approximately $360 million entering 2026. The company aims to diversify its customer base, execute on existing CoreWeave contracts, and expand colocation capacity through organic growth and M&A activity.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**