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- Dear Gate Post users, we’re excited to announce a brand-new upgrade to our user interface! The new version is simpler, smoother, and packed with many thoughtful new features. Update now and explore what's new! What do you think of the new Gate Post experience? Which features do you like most? Have you noticed any surprises or improvements? Share your experience now to split a $50 prize pool!
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- 🚀 Gate.io #Launchpad# Initial Offering: #PFVS#
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Core Scientific reported a net profit of $580 million in the first quarter, mainly due to adjustments in the valuation of warrants.
PANews reported on May 8 that Core Scientific, a Nasdaq-listed Bitcoin mining company, achieved a net profit of $580.7 million in Q1 2025, doubling year-on-year, mainly due to a non-cash gain of $621.5 million from warrants adjusted by market capitalization after last year's bankruptcy restructuring. Despite a sharp year-on-year decline in revenue to $7.95 million, the company is transforming and expanding its high-performance computing business and has signed a large energy services agreement with CoreWeave, which is expected to bring in $360 million in revenue next year.