Core Scientific: Q2 mining output decreased by 62% year-on-year, merger with CoreWeave transaction still requires shareholder approval

Golden Finance reported that Nasdaq listed Bitcoin mining company Core Scientific released its financial performance report for the second quarter of fiscal year 2025, revealing mining revenue of $62.4 million in the second quarter, lower than $110.7 million in the same period last year, mainly due to a 62% decrease in Bitcoin mining production; In addition, the company's digital asset custody mining revenue was $5.6 million, also lower than the $24.8 million in the same period last year, with a gross profit of $5 million, compared to $38.8 million in the same period last year. In response to market concerns about the sale of all shares to CoreWeave, Core Scientific responded that the transaction is still pending and requires approval from the company's shareholders and customary closing conditions, including applicable regulatory approvals.