PANews reported on October 25th that Core Scientific, a Nasdaq-listed Bitcoin mining company, released its third-quarter 2025 financial report, revealing a 55% decrease in Bitcoin mining output in the third quarter. Revenue from self-mining digital assets was $57.4 million, down from $68.1 million in the same period last year, and managed mining revenue was $8.7 million, also down from the same period last year. Core Scientific also announced that it held $453.4 million in cash and cash equivalents and $241.4 million in Bitcoin at the end of the third quarter.PANews reported on October 25th that Core Scientific, a Nasdaq-listed Bitcoin mining company, released its third-quarter 2025 financial report, revealing a 55% decrease in Bitcoin mining output in the third quarter. Revenue from self-mining digital assets was $57.4 million, down from $68.1 million in the same period last year, and managed mining revenue was $8.7 million, also down from the same period last year. Core Scientific also announced that it held $453.4 million in cash and cash equivalents and $241.4 million in Bitcoin at the end of the third quarter.
Core Scientific Releases Q3 Financial Report: Holding Bitcoin Worth Over $240 Million
2025/10/25 10:11
PANews reported on October 25th that Core Scientific, a Nasdaq-listed Bitcoin mining company, released its third-quarter 2025 financial report, revealing a 55% decrease in Bitcoin mining output in the third quarter. Revenue from self-mining digital assets was $57.4 million, down from $68.1 million in the same period last year, and managed mining revenue was $8.7 million, also down from the same period last year. Core Scientific also announced that it held $453.4 million in cash and cash equivalents and $241.4 million in Bitcoin at the end of the third quarter.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
Fetch.ai and Ocean Protocol Near Settlement in $120M FET Token Dispute
The ongoing conflict between Fetch.ai and the Ocean Protocol Foundation may soon reach a peaceful resolution, as both sides signal a willingness to settle their differences outside the courts. The dispute, which began after their brief merger under the Artificial Superintelligence Alliance, centers on the alleged sale of millions of FET tokens. L’article Fetch.ai and Ocean Protocol Near Settlement in $120M FET Token Dispute est apparu en premier sur Cointribune.
Share
2025/10/26 02:05
BNB Soars as CZ’s Pardon Ignites Crypto Markets
BNB surged due to news of CZ's U.S. presidential pardon. Continue Reading:BNB Soars as CZ’s Pardon Ignites Crypto Markets The post BNB Soars as CZ’s Pardon Ignites Crypto Markets appeared first on COINTURK NEWS.
Share
2025/10/26 01:49
XRP’s Burn Rate Accompanies Price in Major Comeback
The post XRP’s Burn Rate Accompanies Price in Major Comeback appeared on BitcoinEthereumNews.com. XRP surges 29.01% as price spikes XRP restores hope to investors As XRP continues to trade heavily on the positive side, the leading altcoin has seen a sharp surge in its burn activity, according to data from CryptoQuant, suggesting that a bigger price surge might be underway. While XRP appears to be on track for a major comeback as its price shows the highest daily gains among the top 10 cryptocurrencies by market capitalization, the leading altcoin is seen retesting previous levels. XRP surges 29.01% as price spikes According to data provided by the source, XRP has seen a decent increase in the quantity of XRP tokens burned as fees over the last day. While XRP saw a sharp resurgence in its price amid shifting investor sentiment over the last day, the positive trend was accompanied by a major surge in its burn activity. XRP burns saw a sharp rise to 676 XRP on Oct. 24 after falling to 524 XRP the previous day. This marks a decent increase of 29% over the last day. With historical records showing that XRP had recorded significantly high burn volumes in the past months, hitting about 4,000 XRP around May, the recent surge witnessed in the metric is not impressive enough. XRP restores hope to investors Although the XRP burn activity in recent days has been moving slow, it signals resurgence in the token’s on-chain activity, fueling hopes for a bigger price rally that could see XRP reclaim the crucial $3 level soon. Nonetheless, it is important to note that the growth in its burn rate suggests growing demand for XRP as it showcases the volume of transaction fees permanently removed from circulation amid heightened payment activity. With Ripple’s recent acquisition, coupled with its growing footprint in traditional finance and the recent launch of Ripple Prime,…
Share
2025/10/26 03:36