Odaily Planet Daily reports that Bitcoin mining company Core Scientific announced its Q4 2025 financial results, showing mixed performance. As the company accelerates its shift toward high-density data center colocation services, mining revenue has significantly declined.
The financial report shows that the company’s total revenue for Q4 was $79.8 million, down from $94.9 million in the same period last year. Bitcoin mining revenue dropped to $42.2 million from $79.9 million in Q4 2024, a substantial decrease.
However, the company emphasized that revenue from data center colocation services surged to $31.3 million, up from $8.5 million in 2024. This growth was mainly driven by operational expansion in colocation services. Colocation refers to businesses renting out non-owned computing infrastructure for deployment.
Core Scientific CEO Adam Sullivan stated that over half of their current construction projects are completed, and they are expanding the colocation platform to a pipeline of 1.5 gigawatts of leasable capacity. With a multi-region layout and proven execution capabilities, the company is accelerating the commissioning of multiple sites to promote long-term sustainable growth.
In terms of profitability, gross profit for Q4 increased to $20.8 million from $4.8 million in the same period last year; however, the company’s adjusted EBITDA remains at -$42.7 million, indicating ongoing profitability pressures during the transition.
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