Core Scientific Posts $210.7M Profit in Q1 2024, Boosted by Bitcoin Mining Surge
![Core Scientific Posts $210.7M Profit in Q1 2024, Boosted by Bitcoin Mining Surge](https://cryptoinvestment.at/wp-content/uploads/2024/05/core-scientific-posts-210-7m-profit-in-q1-2024-boosted-by-bitcoin-mining-surge.jpg)
Core Scientific announced a significant recovery in its financial performance for the first quarter of 2024, reporting a net income of $210.7 million, a stark contrast to the net loss of $0.4 million from the same period last year, driven by an increase in Bitcoin mining and hosting services. The company mined 2,825 bitcoins in […]