Core Scientific, a mining company, posted a second-quarter net loss of 8.$04.9 billion
Crypto 7x24
2024-08-08 08:19:31
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Bitcoin miner Core Scientific reports financial results for second quarter of fiscal 2024。Net loss of 8.$04.9 billion, compared to a net loss of $9.3 million for the same period in 2023。Total revenue is 1.$41.1 billion, compared to 1.$26.9 billion。Operating income was $6.6 million compared to $9.5 million for the same period in 2023。Adjusted EBITDA was $46 million, compared to $45 million in the same period last year.。The loss was primarily due to the net market value of warrants and other contingent value rights liabilities 7.$9.6 billion in non-cash adjustments, as the equity value grew significantly between quarters。
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