Overview
- Core Scientific reported Q4 2025 revenue of $79.8 million versus a $122.08 million consensus and a loss of $0.42 per share, while colocation revenue rose 268% to $31.3 million as self-mining weakened.
- Management said it sold just over 1,900 BTC in January for about $175 million at roughly $92,000 per coin, leaving holdings under 1,000 BTC, with some reports placing the total near 630 BTC.
- An annual filing states the company expects to monetize substantially all remaining Bitcoin during 2026, with most sales anticipated in Q1, to boost liquidity and fund AI/HPC capital expenditures.
- The expansion plan targets a 1.5 GW leasable pipeline that includes a new ~430 MW site in Hunt County, Texas, about 300 MW of upgrades in Georgia and Texas, and continued execution of the 590 MW CoreWeave contract with ~350 MW energized.
- Liquidity ended 2025 at about $533 million, Q4 capex totaled roughly $279 million, net income of $216 million was driven by a $330 million non-cash gain, the company flagged an accounting restatement, and shares fell roughly 3%–4.5% on the disclosures.