I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025 Q3, the actual value is USD 81.1 M.
EPS: As of FY2025 Q3, the actual value is USD -0.46.
EBIT: As of FY2025 Q3, the actual value is USD -58.25 M.
Segment Revenue
- Total Revenue: $81.1 million, down from $95.4 million in the third quarter of 2024.
- Digital Asset Self-Mining Revenue: $57.4 million, down from $68.1 million, primarily due to a 55% decrease in bitcoin mined, partially offset by an 88% increase in the average bitcoin price.
- Digital Asset Hosted Mining Revenue: $8.7 million, down from $16.9 million, due to a strategic shift to high-density colocation business.
- High-Density Colocation Revenue: $15.0 million, up from $10.3 million, driven by the expansion of colocation operations.
Operational Metrics
- Gross Profit: $3.9 million compared to a gross loss of $0.2 million in the same period last year.
- Net Loss: $146.7 million, compared to $455.3 million in the prior-year period, primarily due to a smaller GAAP non-cash fair value adjustment.
- Adjusted EBITDA: - $2.4 million, compared to $10.1 million for the prior year period.
Cash Flow
- Liquidity: $694.8 million, consisting of $453.4 million of cash and cash equivalents and $241.4 million of bitcoin.
Unique Metrics
- Capital Expenditures: $244.5 million, with $196.4 million funded by CoreWeave, Inc.
Outlook / Guidance
- Core Scientific is in the process of converting its facilities to support AI-related workloads and next-generation colocation services. The company expects to increase revenue from high-density colocation and plans to repurpose remaining facilities to support this business segment.