Core Scientific self-mined over $175 million of bitcoin in Q1, swings to profit

Core Scientific News

Core Scientific self-mined over $175 million of bitcoin in Q1, swings to profit
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The company also said it registered a net income of $210.7 million, compared to net loss of about $400,000 last year.

First, its shares began trading again on the Nasdaq after emerging from bankruptcy and now the company has reported a major turnaround that includes posting $210.7 million in net income.

The bitcoin miner said it self-mined 2,825 bitcoin, or more than $175 million at current prices, during the period. Last year, despite dealing with the bankruptcy, Core Scientific mined 19,274 bitcoin, about $1.2 billion currently.

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