‍Core Scientific Pivots to High-Density Hosting Amidst Q4 Revenue Dip

Core Scientific reported $79.8 million in Q4 revenue, a decrease from the previous year, driven by a strategic shift away from proprietary Bitcoin mining towards high-density hosting services.

While Bitcoin mining revenue fell to $42.2 million, hosting services revenue surged to $31.3 million. The company improved gross profit to $20.8 million but recorded an adjusted EBITDA of -$42.7 million. Core Scientific maintains a strong liquidity position with $311.4 million in cash and $222 million in Bitcoin.

https://cryptovka.com/news/core-scientific-shifts-to-high-density-hosting-as-q4-revenue-dips