Core Scientific lost 56% on Bitcoin mining but $80M in profit from its pivot to AI hosting
Core Scientific, a longtime Bitcoin miner now changing websites for AI computing, reported a detrimental 56% self-mining gross margin in the second quarter as its colocation enterprise generated sharply larger profit. The firm’s Q2 results present self-mining generated $21.5 million of income in opposition to $33.7 million of price of income. That left a $12.2…
