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.