Core Scientific shares moved lower after missing Q4 revenue expectations.
The company reported $79.8M in revenue, below the $90.4M estimate. Mining revenue dropped sharply as Bitcoin prices remained under pressure, while energy and computing costs stayed high.
With BTC trading far below its previous highs, many miners are facing margin pressure.
However, Core Scientific is now accelerating its shift toward AI infrastructure, expanding its colocation platform to a 1.5 GW capacity pipeline.
Short-term weakness in mining. Long-term bet on AI compute.
Can AI infrastructure offset the volatility of Bitcoin mining in the coming quarters?
🧧🧧元宵快乐,愿你的好运如区块链般无限延伸。 🧧🧧Happy Lantern Festival! May your luck be as infinite as the blockchain. $SIREN $PHA $FORM #美国撤离中东公民 #X移除加密禁令 #贵金原油价格飙升 {future}(FORMUSDT) {spot}(PHAUSDT) {future}(SIRENUSDT)