Core Scientific报告在第1季度2025年净利润5.807亿美元，击败了分析师的收入预期

领先的比特币矿业公司Core Scientific报告说，2025年第一季度的净利润为5.807亿美元

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

领先的比特币（BTC）矿业公司Core Scientific报告说，2025年第一季度的净利润为5.807亿美元。

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.

该数字在2024年同期报告的2.107亿美元增加了一倍以上，尽管这家上市的公司遗失了分析师的收入预期。

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

Core Scientific报告的总收入为7950万美元，低于第1季度2024年获得的1.793亿美元。

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，该公司的利润在很大程度上是由非现金标记到市场的调整驱动的6.215亿美元，其逮捕令和其他或有价值权利的价值。

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.

这种调整源于本季度核心科学股价的降低，该季度的股价为19.74美元，周一收于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.

该公司的主要收入来源包括自我矿工运营中的6720万美元，来自托管采矿的380万美元，以及来自托管服务的860万美元，以前被列为高性能计算（HPC）托管。

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.

该公司的收入还受到2024年4月比特币减半活动的影响，该活动将采矿奖励从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.

今年早些时候，Core Scientific与AI Startup Coreweave合作进行了12亿美元的数据中心扩展，该公司有望在2025年底之前提供250兆瓦的账单能力。

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，其丹顿工厂的第一个8MW账单容量将交付给Coreweave，到本季度末期预期的预期大约40兆瓦。

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

随着这一扩展，Core Scientific预计将进入2026年，年度托管收入约为3.6亿美元。

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

尽管收入遗失了收入，但Core Scientific仍然具有7.786亿美元的现金，现金同等资产和数字资产，保持了强大的流动性职位。

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

随着公司将更多的运营转变为AI计算，这提供了追求有机和无机增长机会的财务灵活性。

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）周一在定期交易中下跌1％，至8.90美元，但在收入发布后，下班后交易的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.

该公司在2025年第1季度的数字资产自矿总额利润为600万美元（毛利率9％），而去年同期为6840万美元（毛利率为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.

由于比特币的平均价格上涨了74％，由于降低的利率和使用而使电源成本降低了33％，因此部分减少了。

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).

数字资产的矿业毛利润为170万美元（毛利率46％），低于2024年第1季度的930万美元（毛利率32％）。托管毛利润为50万美元（毛利率为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.

销售，一般和行政费用从上一年的1690万美元增加到40010万美元，这主要是由于较高的基于股票的薪酬，非资本化的托管现场启动成本以及与公司过渡到托管业务相关的人事费用增加。

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.

该公司报告说，营业损失为4260万美元，而2024年同期的营业收入为5520万美元。调整后的EBITDA为610万美元，而第1季度2024年为8,80万美元。

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.

核心科学是多家涉及AI和高性能计算的比特币矿业公司之一。诸如Riot Platforms（NYSE：RIOT），HI​​VE Digital（NASDAQ：HDIV），HUT 8（NASDAQ：CRYPTO），Iris Energy（NYSE：IRIX）和Terawulf（Nasdaq：Teraw）之类的行业同行都做出了类似的动作，以转换其操作的一部分，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将在美国东部时间美国东部时间8:00 PM（CET）下午8:00（CET）与首席执行官Adam Sullivan，CFO Jim Nygaard和投资者关系副总裁举办电话会议，以更详细地讨论季度结果。