---
title: "Core Scientifc - CW29 | 10-Q: FY2025 Q1 Revenue: USD 79.53 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/239201467.md"
datetime: "2025-05-07T21:02:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/239201467.md)
  - [en](https://longbridge.com/en/news/239201467.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/239201467.md)
---

# Core Scientifc - CW29 | 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, a decrease from $150.0 million for the same period in 2024.
-   **Cost of Revenue**: $61.2 million, down from $81.6 million in 2024.
-   **Gross Profit**: $6.0 million, with a gross margin of 9% compared to 46% in 2024.

### Digital Asset Hosted Mining Segment

-   **Revenue**: $3.8 million for the three months ended March 31, 2025, down from $29.3 million in 2024.
-   **Cost of Revenue**: $2.0 million, down from $20.1 million in 2024.
-   **Gross Profit**: $1.7 million, with a gross margin of 46% compared to 32% in 2024.

### Colocation Segment

-   **Revenue**: $8.6 million for the three months ended March 31, 2025, with no comparable revenue in 2024.
-   **Cost of Revenue**: $8.1 million.
-   **Gross Profit**: $0.5 million, with a gross margin of 5%.

### Consolidated Financials

-   **Total Revenue**: $79.5 million for the three months ended March 31, 2025, a decrease from $179.3 million in 2024.
-   **Total Cost of Revenue**: $71.3 million, down from $101.6 million in 2024.
-   **Gross Profit**: $8.2 million, with a gross margin of 10% compared to 43% in 2024.

### Future Outlook and Strategy

-   **Core Business Focus**: The company is transitioning from bitcoin mining to high-density colocation services, aiming to provide more consistent revenue and reduce risk.
-   **Non-Core Business**: No specific plans for non-core business segments were detailed in the report.

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

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