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Core Scientific Posts $210.7M Profit in Q1 2024, Boosted by Bitcoin Mining Surge

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Core Scientific Posts 0.7M Profit in Q1 2024, Boosted by Bitcoin Mining Surge
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Core Scientific Posts $210.7M Profit in Q1 2024, Boosted by Bitcoin Mining Surge

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Source: Bitcoin.com

News Bytes - 6Core Scientific announced a significant recovery in its financial performance for the first quarter of 2024, reporting a net income of $210.7 million, a stark contrast to the net loss of $0.4 million from the same period last year, driven by an increase in Bitcoin mining and hosting services. The company mined 2,825 bitcoins in […]

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