BlockBeats News, March 3rd. According to The Block, Bitcoin mining firm Core Scientific released its fourth-quarter performance, revealing a decline in mining revenue amidst an increased focus on high-density hosting services. 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. Specifically, Bitcoin mining business revenue dropped to $42.2 million, compared to $79.9 million in Q4 2024, marking a significant decrease.
However, Core Scientific emphasized that its data center hosting service revenue saw significant growth, reaching $31.3 million, up from $8.5 million in 2024. This growth was primarily attributed to the operational expansion of the hosting business. The hosting model refers to enterprises renting non-self-owned computing infrastructure for deployment.
