Core Scientific報告在第1季度2025年淨利潤5.807億美元，擊敗了分析師的收入預期

領先的比特幣礦業公司Core Scientific報告說，2025年第一季度的淨利潤為5.807億美元

Core Scientific, a leading Bitcoin (BTC) mining company, reported a substantial net profit of $580.7 million for the first quarter of 2025.

領先的比特幣（BTC）礦業公司Core Scientific報告說，2025年第一季度的淨利潤為5.807億美元。

This figure more than doubles the $210.7 million reported for the same period in 2024, though the Nasdaq-listed firm missed analyst revenue expectations.

該數字在2024年同期報告的2.107億美元增加了一倍以上，儘管這家上市的公司遺失了分析師的收入預期。

Core Scientific reported total revenue of $79.5 million, falling short of the $179.3 million achieved in Q1 2024.

Core Scientific報告的總收入為7950萬美元，低於第1季度2024年獲得的1.793億美元。

However, the company’s profit was largely driven by a non-cash mark-to-market adjustment of $621.5 million in the value of warrants and other contingent value rights.

但是，該公司的利潤在很大程度上是由非現金標記到市場的調整驅動的6.215億美元，其逮捕令和其他或有價值權利的價值。

This adjustment arose from the decrease in Core Scientific’s share price during the quarter, which began the year at $19.74 and closed at $8.90 on Monday.

這種調整源於本季度核心科學股價的降低，該季度的股價為19.74美元，週一收於8.90美元。

The company’s main revenue sources included $67.2 million from self-mining operations, $3.8 million from hosted mining, and $8.6 million from colocation services, previously listed as high-performance computing (HPC) hosting.

該公司的主要收入來源包括自我礦工運營中的6720萬美元，來自託管採礦的380萬美元，以及來自託管服務的860萬美元，以前被列為高性能計算（HPC）託管。

The company’s revenue was also impacted by the Bitcoin halving event in April 2024, which reduced mining rewards from 6.25 BTC to 3.125 BTC.

該公司的收入還受到2024年4月比特幣減半活動的影響，該活動將採礦獎勵從6.25 BTC降低到3.125 BTC。

Earlier this year, Core Scientific partnered with AI startup CoreWeave for a $1.2 billion data center expansion, and the company is on track to deliver 250MW of billable capacity to CoreWeave by the end of 2025.

今年早些時候，Core Scientific與AI Startup Coreweave合作進行了12億美元的數據中心擴展，該公司有望在2025年底之前提供250兆瓦的賬單能力。

The first 8MW of billable capacity at their Denton facility will be delivered to CoreWeave by the end of May, with approximately 40MW more expected by the end of the current quarter.

到5月底，其丹頓工廠的第一個8MW賬單容量將交付給Coreweave，到本季度末期預期的預期大約40兆瓦。

With this expansion, Core Scientific anticipates entering 2026 with annualized colocation revenue of approximately $360 million.

隨著這一擴展，Core Scientific預計將進入2026年，年度託管收入約為3.6億美元。

Despite the revenue miss, Core Scientific maintains a strong liquidity position with $778.6 million in cash, cash equivalents, and digital assets.

儘管收入遺失了收入，但Core Scientific仍然具有7.786億美元的現金，現金同等資產和數字資產，保持了強大的流動性職位。

This provides financial flexibility to pursue both organic and inorganic growth opportunities as the company transitions more of its operations toward AI computing.

隨著公司將更多的運營轉變為AI計算，這提供了追求有機和無機增長機會的財務靈活性。

Core Scientific’s stock (CORZ) closed regular trading on Monday down 1% at $8.90 but jumped over 3% to $9.24 in after-hours trading following the earnings release.

Core Scientific的股票（CORZ）週一在定期交易中下跌1％，至8.90美元，但在收入發布後，下班後交易的3％以上，至9.24美元。

The company’s digital asset self-mining gross profit for Q1 2025 was $6.0 million (9% gross margin), compared to $68.4 million (46% gross margin) for the same period last year.

該公司在2025年第1季度的數字資產自礦總額利潤為600萬美元（毛利率9％），而去年同期為6840萬美元（毛利率為46％）。

This decrease was partially offset by a 74% increase in the average price of Bitcoin and a 33% decrease in power costs due to lower rates and usage.

由於比特幣的平均價格上漲了74％，由於降低的利率和使用而使電源成本降低了33％，因此部分減少了。

Digital asset hosted mining gross profit was $1.7 million (46% gross margin), down from $9.3 million (32% gross margin) in Q1 2024. Colocation gross profit was $0.5 million (5% gross margin).

數字資產的礦業毛利潤為170萬美元（毛利率46％），低於2024年第1季度的930萬美元（毛利率32％）。託管毛利潤為50萬美元（毛利率為5％）。

Selling, general and administrative expenses increased to $40.1 million from $16.9 million in the prior year, primarily due to higher stock-based compensation, non-capitalizable colocation site startup costs, and increased personnel expenses related to the company’s transition to colocation operations.

銷售，一般和行政費用從上一年的1690萬美元增加到40010萬美元，這主要是由於較高的基於股票的薪酬，非資本化的託管現場啟動成本以及與公司過渡到託管業務相關的人事費用增加。

The company reported an operating loss of $42.6 million, compared to an operating income of $55.2 million for the same period in 2024. Adjusted EBITDA was negative $6.1 million, compared to positive $88.0 million for Q1 2024.

該公司報告說，營業損失為4260萬美元，而2024年同期的營業收入為5520萬美元。調整後的EBITDA為610萬美元，而第1季度2024年為8,80萬美元。

Core Scientific is among several Bitcoin mining companies pivoting toward AI and high-performance computing. Industry peers like Riot Platforms (NYSE:RIOT), Hive Digital (NASDAQ:HDIV), Hut 8 (NASDAQ:CRYPTO), Iris Energy (NYSE:IRIX), and TeraWulf (NASDAQ:TERAW) have all made similar moves to convert part of their operations to support AI infrastructure.

核心科學是多家涉及AI和高性能計算的比特幣礦業公司之一。諸如Riot Platforms（NYSE：RIOT），HI​​VE Digital（NASDAQ：HDIV），HUT 8（NASDAQ：CRYPTO），Iris Energy（NYSE：IRIX）和Terawulf（Nasdaq：Teraw）之類的行業同行都做出了類似的動作，以轉換其操作的一部分，以支持AI InfraStruser的一部分。

Core Scientific will host a conference call with CEO Adam Sullivan, CFO Jim Nygaard, and VP of Investor Relations Jon Charbonneau at 8:00 pm ET (12:00 am CET) to discuss the quarterly results in more detail.

Core Scientific將在美國東部時間美國東部時間8:00 PM（CET）下午8:00（CET）與首席執行官Adam Sullivan，CFO Jim Nygaard和投資者關係副總裁舉辦電話會議，以更詳細地討論季度結果。