Core Scientific Stock Slips After Q4 Earnings Miss Revenue Estimates

Shares of Core Scientific moved lower after the company reported fourth quarter results that fell short of Wall Street expectations. The Bitcoin miner and artificial intelligence infrastructure provider generated $79.8 million in revenue for the quarter, marking a 16% decline compared with the same period a year earlier. Analysts had projected revenue of $90.4 million.

Crypto mining revenue dropped sharply to $42.2 million, nearly half of what the company recorded in the comparable quarter of the previous year. Despite the revenue miss, Core Scientific posted net income of $216 million, largely driven by a $330.3 million fair value gain tied to non cash holdings. However, adjusted EBITDA reflected a loss of $42.7 million.

Bitcoin Price Weakness and Rising Costs Pressure Miners

The earnings report comes as Bitcoin trades near $68,000, roughly 50% below its October peak above $126,000. The late-year decline weighed heavily on mining profitability, while rising energy and computing expenses added further strain.

Core Scientific shares closed down 2.8% at $16.49, briefly dipping to $14.69 in after-hours trading before stabilizing. Meanwhile, competitor Riot Platforms also reported quarterly revenue below expectations, underscoring broader challenges across the mining sector.

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