核心科學帖子大量$ 5.807億美元的利潤在第二季度2025年，收入降至7950萬美元

納斯達克上市的比特幣礦業公司Core Scientific在2025年第1季度的巨額利潤巨額利潤，這是去年同期獲得的2.107億美元的一倍以上。

Core Scientific, the Nasdaq-listed Bitcoin (BTC) mining firm, reported a massive first-quarter profit of $580.7 million, more than double the $210.7 million it earned in the same period last year. However, the company’s revenue dropped significantly to $79.5 million, down from $179.3 million year-over-year.

納斯達克上市比特幣（BTC）礦業公司Core Scientific報告的第一季度利潤為5.807億美元，是去年同期賺取的2.107億美元的兩倍以上。但是，該公司的收入顯著下降到7,950萬美元，低於同比的1.793億美元。

As a result of a $621.5 million non-cash mark-to-market adjustment in the value of its warrants, Core Scientific reported a net income of $580.7 million for the period. This adjustment was required due to a major decrease in the company’s share price during the quarter.

由於其認股權證的價值進行了6.215億美元的非現金標記到市場的調整，核心科學報告說，該期間的淨收入為5.807億美元。由於本季度公司的股價大大降低，因此需要進行調整。

Despite this profit, Core Scientific’s earnings fell short of expectations, missing Zacks analysts’ estimates by 8.11%. The company’s shares (CORZ) closed at $8.90 on Monday, down 1% during regular trading hours. However, the stock rose over 3% to $9.24 in after-hours trading following the earnings announcement.

儘管獲得了這筆利潤，但Core Scientific的收入仍未達到預期，Zacks分析師的估計值卻降低了8.11％。該公司的股票（CORZ）週一收於8.90美元，在常規交易時間內下跌了1％。但是，在收益公告後，該股票在下班後的交易中上漲了3％，至9.24美元。

The mining firm’s profit was largely driven by a $621.5 million non-cash mark-to-market adjustment in the value of its warrants, an accounting requirement that arose from a significant decline in the company’s share price during the quarter.

這家採礦公司的利潤在很大程度上是由於其認股權證價值的6.215億美元的非現金標記到市場調整所驅動，這一會計要求是由於本季度公司股價大幅下降而產生的。

After reporting a net loss of $66.7 million in the fourth quarter of 2024 due to a $566.4 million impairment charge related to its warrants, Core Scientific returned to profitability in Q1 2025.

在報告了2024年第四季度的淨虧損6670萬美元，這是由於與其認股權證有關的5.664億美元的損傷指控，核心科學返回了2025年第一季度的盈利能力。

The company’s revenue also fell short of expectations, with analysts anticipating $86.3 million. This decline was attributed to two main factors: the Bitcoin halving event of April 2024, which cut mining rewards from 6.25 BTC to 3.125 BTC, and Core Scientific’s strategic shift toward high-performance computing services.

該公司的收入也沒有預期，分析師預計將有8630萬美元。這種下降歸因於兩個主要因素：2024年4月的比特幣減半事件，該事件從6.25 BTC降低到3.125 BTC，以及Core Scientific向高性能計算服務的戰略轉變。

As part of this pivot, Core Scientific is providing 250MW of billable capacity to AI startup CoreWeave by the end of this year, a partnership that will see them colocate in four of Core Scientific’s facilities. The first tranche of 8MW of capacity at the Denton facility will be delivered by the end of May, and an additional 40MW is expected by the end of the quarter.

作為該樞紐的一部分，核心科學公司將在今年年底之前為AI創業公司的Coreweave提供250MW的可計費能力，這一合作夥伴關係將使他們在Core Scientific的四個設施中進行了合作。丹頓設施的8MW容量的第一批將於5月底交付，並預計在本季度結束時將額外40MW。

This partnership is projected to generate approximately $360 million in annual revenue for Core Scientific by 2026.

預計到2026年，這種合作夥伴關係預計將為Core Scientific的年收入約3.6億美元。

At the start of the year, Core Scientific had planned to deploy around 100MW of capacity for CoreWeave in 2025. However, due to strong demand for AI computing, the companies decided to accelerate their partnership and expand the partnership to deploy 250MW of capacity by year-end.

在今年年初，Core Scientific計劃在2025年將Coreweave的能力部署約100MW。但是，由於對AI計算的需求強勁，兩家公司決定加速其合作夥伴關係，並將合作夥伴關係擴大到終年時期的250MW。

“This quarter marks an inflection point for Core Scientific,” said Adam Sullivan, CEO of Core Scientific. “In a matter of months, we have transformed vision into execution, delivering infrastructure at scale and positioning ourselves at the center of one now of the most important shifts in modern computing.”

核心科學首席執行官亞當·沙利文（Adam Sullivan）說：“本季度標誌著核心科學的拐點。” “在幾個月的時間裡，我們將願景轉變為執行，大規模提供基礎設施，並將自己定位在現代計算中最重要的轉變的中心。”

“We are advancing rapidly in our partnership with CoreWeave to build out the next generation of AI and HPC technology. We anticipate having 250MW of billable capacity to CoreWeave by the end of this year and anticipate entering 2026 with annualized colocation revenue of approximately $360 million,” he added.

他補充說：“我們正在與Coreweave的合作夥伴關係迅速發展，以建立下一代的AI和HPC技術。我們預計，到今年年底，我們預計將擁有250兆瓦的賬單能力，並預計將進入2026年，年齡約為3.6億美元。”

The company’s revenue breakdown shows that digital asset operations still dominate its business, with $67.2 million coming from self-mining and $3.8 million from hosted mining. Its colocation (high-performance computing) revenue reached $8.6 million.

該公司的收入細分錶明，數字資產運營仍在其業務中占主導地位，6720萬美元來自自礦石，380萬美元來自託管採礦。它的託管（高性能計算）收入達到860萬美元。

Despite a $25.6 million quarter-over-quarter decline in hosting revenue, which began in the fourth quarter of 2024, Core Scientific’s operating expenses also decreased due to lower power costs. This was attributed to reduced rates and usage.

儘管在2024年第四季度開始託管收入的2560萬美元四分之一季度下降，但由於電力成本降低，Core Scientific的運營費用也下降了。這歸因於降低的利率和使用率。

In February, Core Scientific and CoreWeave announced a $1.2 billion data center expansion deal, setting the stage for a substantial partnership in the high-performance computing space.

2月，Core Scientific和Coreweave宣布了12億美元的數據中心擴展協議，為在高性能計算領域建立實質性合作奠定了基礎。

The companies’ partnership began in December 2024, shortly after Core Scientific went public with its plans to transition a portion of its mining energy capacity to support AI and HPC.

這些公司的合作夥伴關係始於2024年12月，此前不久，核心科學公開了其計劃，其計劃的一部分採礦能源能力支持AI和HPC。

Core Scientific’s strategic shift aligns with an industry trend. According to asset manager VanEck, if publicly traded Bitcoin miners shifted 20% of their energy capacity to AI and high-performance computing by 2027, they could increase yearly profits by $13.9 billion over 13 years.

核心科學的戰略轉變與行業趨勢保持一致。根據資產管理經理Vaneck的說法，如果公開交易的比特幣礦工將其能源容量的20％轉移到了2027年的AI和高性能計算上，那麼他們可以在13年內將年度利潤增加139億美元。

This analysis, based on 2024 figures, also suggests that shifting 50% of capacity would yield even greater returns, with an estimated $34.8 billion in yearly profit.

基於2024個數字的該分析還表明，將50％的容量轉移將產生更多的回報，估計每年的利潤為348億美元。

Other mining

其他採礦