Bitcoin mining company Core Scientific Q2 financial report: total revenue of US$141.1 million, operating income of US$6.6 million

Odaily News Bitcoin mining company Core Scientific announced its Q2 financial report for fiscal year 2024. The key points are as follows: - Net loss was $804.9 million, compared with a net loss of $9.3 million in the same period of 2023; - Total revenue was $141.1 million, compared with $126.9 million in the same period of 2023; - Operating income was $6.6 million, compared with $9.5 million in the same period of 2023; - Adjusted EBITDA was $46 million, compared with $45 million in the same period of 2023. The Q2 net loss was due to a significant increase in the company's equity value month-on-month, resulting in the value of the first and second tranches of warrants and other contingent rights being adjusted by $796 million at market value. (Business Wire)