---
title: "Core Scientifc - CW27 | 10-Q: FY2025 Q1 Revenue: USD 79.53 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/239201545.md"
datetime: "2025-05-07T21:02:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/239201545.md)
  - [en](https://longbridge.com/en/news/239201545.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/239201545.md)
generator: "portal-rs"
---

# Core Scientifc - CW27 | 10-Q: 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.

### Digital Asset Self-Mining Segment

-   **Revenue**: $67.2 million for the three months ended March 31, 2025, compared to $150.0 million for the same period in 2024, a decrease of 55%.
-   **Cost of Revenue**: $61.2 million for the three months ended March 31, 2025, compared to $81.6 million for the same period in 2024, a decrease of 25%.
-   **Gross Profit**: $6.0 million for the three months ended March 31, 2025, compared to $68.4 million for the same period in 2024, a decrease of 91%.
-   **Gross Margin**: 9% for the three months ended March 31, 2025, compared to 46% for the same period in 2024.

### Digital Asset Hosted Mining Segment

-   **Revenue**: $3.8 million for the three months ended March 31, 2025, compared to $29.3 million for the same period in 2024, a decrease of 87%.
-   **Cost of Revenue**: $2.0 million for the three months ended March 31, 2025, compared to $20.1 million for the same period in 2024, a decrease of 90%.
-   **Gross Profit**: $1.7 million for the three months ended March 31, 2025, compared to $9.3 million for the same period in 2024, a decrease of 81%.
-   **Gross Margin**: 46% for the three months ended March 31, 2025, compared to 32% for the same period in 2024.

### Colocation Segment

-   **Revenue**: $8.6 million for the three months ended March 31, 2025, compared to nil for the same period in 2024.
-   **Cost of Revenue**: $8.1 million for the three months ended March 31, 2025, compared to nil for the same period in 2024.
-   **Gross Profit**: $0.5 million for the three months ended March 31, 2025, compared to nil for the same period in 2024.
-   **Gross Margin**: 5% for the three months ended March 31, 2025.

### Consolidated

-   **Total Revenue**: $79.5 million for the three months ended March 31, 2025, compared to $179.3 million for the same period in 2024, a decrease of 56%.
-   **Total Cost of Revenue**: $71.3 million for the three months ended March 31, 2025, compared to $101.6 million for the same period in 2024, a decrease of 30%.
-   **Total Gross Profit**: $8.2 million for the three months ended March 31, 2025, compared to $77.6 million for the same period in 2024, a decrease of 89%.
-   **Total Gross Margin**: 10% for the three months ended March 31, 2025, compared to 43% for the same period in 2024.

### Future Outlook and Strategy

-   **Core Business Focus**: The company is transitioning from bitcoin mining to high-density colocation services, focusing on expanding its customer base in this area.
-   **Non-Core Business**: The company does not expect to further expand its Digital Asset Hosted Mining operations in 2025 and future years.

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- [CORZW.US](https://longbridge.com/en/quote/CORZW.US.md)

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