![What Is Asset Tokenization? Types, Why It Matters Now [2025]](https://coininsights.com/wp-content/uploads/2025/05/asset_tokenization-360x180.png)
Core Scientific reported a $210.7 million net income for the first quarter on May 8.
The change represents an increase of $211.1 million from the first quarter of 2023, when the company reported a net loss of $0.4 million.
The company also reported $179.3 million in first-quarter revenue, including $150 million from crypto mining and $29.3 million from hosting.
The change in total revenue marks an increase of $58.6 million compared to the first quarter of 2023 when the company reported revenue of $120.6 million.
Core Scientific reported $98.1 million in cash and cash equivalents on its balance sheet, up from $50.4 million in the fourth quarter of 2023.
Mining output and power
Core Scientific also reported significant Bitcoin production. The firm earned 2,825 BTC through self-mining — more than any publicly traded Bitcoin mining firm in North America.
The company’s first-quarter BTC is worth $172.5 million at current prices.
The firm reported a hash rate of 25.5 exahashes per second (EH/s). The total hash rate includes 19.3 EH/s for self-mining, through which the company produces its own Bitcoin, plus 6.2 EH/s for hosting, through which it produces Bitcoin for its customers.
Core Scientific owned and managed about 745 megawatts of infrastructure, which it claims is greater than any other publicly traded Bitcoin miner in North America.
Additional revenue stream
Core Scientific is also exploring alternative revenue streams.
CEO Adam Sullivan said the firm is discussing with customers the conversion of over 500 megawatts to high-performance computing. By combining computing and Bitcoin mining, the firm will be active in “two very attractive markets,” Sullivan said.
A separate Financial Post report indicates that the company plans for its high-performance computing business to cater to artificial intelligence (AI) firms.
The conversion of the 500 megawatts of infrastructure could take three to four years, but the company will generate revenue as it brings on clients.
can i buy generic clomid without dr prescription can i purchase generic clomiphene without a prescription can you buy cheap clomid without insurance how to buy generic clomid tablets get cheap clomiphene prices get cheap clomiphene without insurance can i order generic clomiphene online
This is the kind of literature I truly appreciate.
This is a theme which is forthcoming to my fundamentals… Numberless thanks! Exactly where can I lay one’s hands on the phone details due to the fact that questions?
buy azithromycin pills for sale – buy ciprofloxacin tablets cheap flagyl 400mg
buy semaglutide medication – buy cyproheptadine 4mg pill periactin 4 mg pills
domperidone online buy – purchase tetracycline online flexeril generic