Core Scientific Q4 revenue declines, Bitcoin mining income drops significantly, accelerating transformation into data center infrastructure

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.