Core Scientifc - CW29 | 10-Q: FY2025 Q3 Revenue: USD 81.1 M
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.
Digital Asset Self-Mining Segment
- Revenue: $57.4 million for Q3 2025, a decrease from $68.1 million in Q3 2024.
- Cost of Revenue: $59.4 million for Q3 2025, down from $74.6 million in Q3 2024.
- Gross Loss: - $2.0 million for Q3 2025, compared to - $6.4 million in Q3 2024.
- Gross Margin: -3% for Q3 2025, improved from -9% in Q3 2024.
Digital Asset Hosted Mining Segment
- Revenue: $8.7 million for Q3 2025, a decrease from $16.9 million in Q3 2024.
- Cost of Revenue: $6.7 million for Q3 2025, down from $11.9 million in Q3 2024.
- Gross Profit: $2.0 million for Q3 2025, compared to $5.0 million in Q3 2024.
- Gross Margin: 23% for Q3 2025, down from 29% in Q3 2024.
Colocation Segment
- Revenue: $15.0 million for Q3 2025, up from $10.3 million in Q3 2024.
- Cost of Revenue: $11.1 million for Q3 2025, up from $9.0 million in Q3 2024.
- Gross Profit: $3.9 million for Q3 2025, compared to $1.3 million in Q3 2024.
- Gross Margin: 26% for Q3 2025, up from 13% in Q3 2024.
Future Outlook and Strategy
- Core Business Focus: The company plans to transition from bitcoin mining to high-density colocation services, expecting to deliver 250MW of billable capacity by the end of 2025.
- Non-Core Business: The company intends to repurpose its remaining facilities used in digital asset mining to support high-density colocation computing services as circumstances allow.
