Core Scientific (NASDAQ: CORZ), a leading bitcoin mining and digital infrastructure company, reported weaker-than-expected fourth-quarter earnings, reflecting ongoing pressure across the crypto mining industry following the April 2024 bitcoin halving. The company posted Q4 revenue of $79.8 million for the period ended Dec. 31, down from $94.93 million a year earlier and significantly below analyst estimates of $122.08 million, according to LSEG data.
Core Scientific Misses Q4 Earnings as Bitcoin Halving Pressures Miners; Riot Platforms Surges on Revenue Beat
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