Nasdaq-listed firm experienced significant downturns in mining revenue and profit, with its CoreWeave sale pending regulatory and shareholder approval.
Core Scientific reported Q2 2025 mining revenue of $62.4 million, down from $110.7 million due to a 62% drop in Bitcoin production. Its digital asset custody revenue fell to $5.6 million from $24.8 million, and gross profit declined to $5 million from $38.8 million. The firm's planned all-stock transaction sale to CoreWeave is pending shareholder approval and regulatory conditions.