BlockBeats news, on March 3, according to The Block, Bitcoin mining company Core Scientific reported its fourth-quarter results, revealing a decline in mining revenue amid increased investment in high-density hosting services. The financial report showed that the company’s total revenue for the fourth quarter was $79.8 million, down from $94.9 million in the same period last year. Bitcoin mining revenue fell to $42.2 million, compared to $79.9 million in the same period of 2024, marking a significant decline.
However, Core Scientific emphasized that its data center hosting revenue increased significantly to $31.3 million, up from $8.5 million in 2024. This growth was primarily driven by the operational expansion of its hosting business. The hosting model refers to companies deploying operations using computing infrastructure they do not own.