Core Scientific Posts $210.7M Profit in Q1 2024, Boosted by Bitcoin Mining Surge

Share This Post

News Bytes - 6Core 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 […]

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Red Alert: Crypto Markets Crumble as $1.18 Billion Vanishes in 24 Hours

The post Red Alert: Crypto Markets Crumble as $118 Billion Vanishes in 24 Hours appeared first on Coinpedia Fintech News Cryptocurrency markets are in the red today, with major coins experiencing

Robert Kiyosaki Warns of Bitcoin Crash as Trump’s Tariffs Take Effect—Plans to Buy the Dip

Robert Kiyosaki warns Trump’s tariffs could trigger a crash in bitcoin, gold, and silver—an opportunity, he says, to buy assets at bargain prices Robert Kiyosaki Reacts to

XRP Market Update: A Symphony of Bearish Signals Amplifies Downward Trajectory

On Feb 2, 2025, XRP oscillated at $257 to $261 over the last hour, its market valuation eclipsing $150 billion alongside a $1219 billion daily turnover Intraday fluctuations spanned $252 to $295 per

Latam Insights Encore: El Salvador Yields to IMF Pressure, Coinbase Lands in Argentina

Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week In this week’s edition, El Salvador de-risks its economy from

Time to buy ETH? $200 Million Worth Ethereum Outflows

The post Time to buy ETH $200 Million Worth Ethereum Outflows appeared first on Coinpedia Fintech News Amid the notable price decline across the cryptocurrency market, Ethereum (ETH) has been making

Bitcoin Will Be ‘Worthless’ In 10 Years, Finance Nobel Prize Winner Says

People have always doubted Bitcoin, but when a Nobel Prize-winning economist said it will eventually fail, many paid attention Related Reading: Bitcoin Has No Place In EU Central Bank Reserves, ECB