âĄď¸ Urgent news: Core Scientific is losing hash rate but not hope đ°đť
Well, it seems even Bitcoin miners are tired of spinning the fans 24/7 đ The company Core Scientific (yes, the one traded on Nasdaq) reported for the third quarter of 2025 â and the numbers, let's say, are not shining with gold.
đ The BTC mining volume has fallen by a whopping 55% compared to last year. Revenue from mining â $57.4 million, compared to $68.1 million a year earlier. And hosting income has also dropped â $8.7 million, instead of the previous âtastyâ figures.
On one hand â it's sad. On the other â let's be honest: 2025 has become a real stress test for miners. The hash rate is increasing, competition is fierce, electricity is getting more expensive, and the block reward is no longer what it used to be.
However, đ Core Scientific still has quite a bit of cash:
đľ $453.4 million in cash and equivalents,
âż bitcoins worth $241.4 million.
So while small miners are going into hibernation, Core Scientific is staying afloat â like that very âcrypto queenâ who is still in the game, even after the bear ball đťđ
It seems the mining industry is maturing. And if earlier everyone was chasing speed, now those who can count are the ones who survive.
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