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

Permalink Report to webmaster

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 […]

Source: Bitcoin News

#NewsBytes, #Bitcoin, #BitcoinMining, #CoreScientific, #Earnings, #NewsBytes6