Core Scientific posted quarterly earnings results for Q4 2025. The firm reported total revenue of $79.8 million, down from $94.9 million a year earlier. However, colocation revenue jumped 268%.
Core Scientific (CORZ) is a US-based BTC mining and digital infrastructure company. The firm missed revenue forecasts of $122.076 million and posted a per-share loss that was more than five times wider than expected.
The details:
- Core Scientific reported colocation revenue of $31.3 million in Q4 2025, up from $8.5 million in Q4 2024. A 268% increase! Because nothing says “financial stability” like tripling your income while losing money on everything else.
- Digital asset self-mining revenue fell to $42.2 million. According to the firm, this was driven by a 57% drop in BTC mined. Because who needs Bitcoin when you can just rent out servers and pretend you’re a tech giant?
- Gross profit rose to $20.8 million from $4.8 million in 2024. However, Core Scientific registered a negative Non-GAAP adjusted EBITDA of $42.7 million. Because nothing says “success” like making a profit but still losing money overall.
- The company reported a loss of $0.42 per share, compared to the expected loss of $0.08 per share. Because if you’re going to fail, might as well fail with flair.
- Liquidity stood at $533.4 million at year-end, comprising $311.4 million in cash and cash equivalents and $222 million in BTC holdings. Because holding Bitcoin is just like holding a lottery ticket-except the jackpot is a 268% colocation revenue spike.
- Core has been shifting its focus from solely self-mining to offering hosting and colocation services. Because if you can’t mine Bitcoin, why not rent out your servers to someone else who can?
- CEO, Adam Sullivan, highlighted the company’s progress in scaling its colocation platform to a 1.5-gigawatt pipeline of leasable capacity. Because nothing says “future-proof” like a 1.5-gigawatt pipeline that’s probably just a fancy way of saying “we’re barely keeping the lights on.”
- Sullivan said the firm is focused on accelerating timelines and positioning for sustainable growth. Because what could possibly go wrong with that plan?
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2026-03-03 12:00