核心科学帖子大量$ 5.807亿美元的利润在第二季度2025年，收入降至7950万美元

纳斯达克上市的比特币矿业公司Core Scientific在2025年第1季度的巨额利润巨额利润，这是去年同期获得的2.107亿美元的一倍以上。

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.

纳斯达克上市比特币（BTC）矿业公司Core Scientific报告的第一季度利润为5.807亿美元，是去年同期赚取的2.107亿美元的两倍以上。但是，该公司的收入显着下降到7,950万美元，低于同比的1.793亿美元。

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.

由于其认股权证的价值进行了6.215亿美元的非现金标记到市场的调整，核心科学报告说，该期间的净收入为5.807亿美元。由于本季度公司的股价大大降低，因此需要进行调整。

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.

尽管获得了这笔利润，但Core Scientific的收入仍未达到预期，Zacks分析师的估计值却降低了8.11％。该公司的股票（CORZ）周一收于8.90美元，在常规交易时间内下跌了1％。但是，在收益公告后，该股票在下班后的交易中上涨了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.

这家采矿公司的利润在很大程度上是由于其认股权证价值的6.215亿美元的非现金标记到市场调整所驱动，这一会计要求是由于本季度公司股价大幅下降而产生的。

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.

在报告了2024年第四季度的净亏损6670万美元，这是由于与其认股权证有关的5.664亿美元的损伤指控，核心科学返回了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.

该公司的收入也没有预期，分析师预计将有8630万美元。这种下降归因于两个主要因素：2024年4月的比特币减半事件，该事件从6.25 BTC降低到3.125 BTC，以及Core Scientific向高性能计算服务的战略转变。

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.

作为该枢纽的一部分，核心科学公司将在今年年底之前为AI创业公司的Coreweave提供250MW的可计费能力，这一合作伙伴关系将使他们在Core Scientific的四个设施中进行了合作。丹顿设施的8MW容量的第一批将于5月底交付，并预计在本季度结束时将额外40MW。

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

预计到2026年，这种合作伙伴关系预计将为Core Scientific的年收入约3.6亿美元。

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计划在2025年将Coreweave的能力部署约100MW。但是，由于对AI计算的需求强劲，两家公司决定加速其合作伙伴关系，并将合作伙伴关系扩大到终年时期的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.”

核心科学首席执行官亚当·沙利文（Adam Sullivan）说：“本季度标志着核心科学的拐点。” “在几个月的时间里，我们将愿景转变为执行，大规模提供基础设施，并将自己定位在现代计算中最重要的转变的中心。”

“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.

他补充说：“我们正在与Coreweave的合作伙伴关系迅速发展，以建立下一代的AI和HPC技术。我们预计，到今年年底，我们预计将拥有250兆瓦的账单能力，并预计将进入2026年，年龄约为3.6亿美元。”

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.

该公司的收入细分表明，数字资产运营仍在其业务中占主导地位，6720万美元来自自矿石，380万美元来自托管采矿。它的托管（高性能计算）收入达到860万美元。

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.

尽管在2024年第四季度开始托管收入的2560万美元四分之一季度下降，但由于电力成本降低，Core Scientific的运营费用也下降了。这归因于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12亿美元的数据中心扩展协议，为在高性能计算领域建立实质性合作奠定了基础。

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.

这些公司的合作伙伴关系始于2024年12月，此前不久，核心科学公开了其计划，其计划的一部分采矿能源能力支持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.

核心科学的战略转变与行业趋势保持一致。根据资产管理经理Vaneck的说法，如果公开交易的比特币矿工将其能源容量的20％转移到了2027年的AI和高性能计算上，那么他们可以在13年内将年度利润增加139亿美元。

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.

基于2024个数字的该分析还表明，将50％的容量转移将产生更多的回报，估计每年的利润为348亿美元。

Other mining

其他采矿