Core Scientific (NASDAQ: CORZ) brought in $79.8 million in revenue for Q4 and $319 million for the whole of 2025, a respective decline of 16% quarter-over-quarter and 38% year-over-year as the company accelerates its AI services line and pares down its bitcoin mining operations.
Evidencing this shift, a decline in cryptocurrency mining yields dragged down Core Scientific’s revenue performance, and gross profit hit $20.8 million for the period.
Core Scientific’s colocation revenue for AI hosting services climbed to $31.3 million from $8.5 million over the quarter while netting $65.42 million for the whole of 2025 (versus $24.4 million in 2024). The company’s bitcoin mining revenue dropped from $408.74 in 2024 to $229.21 last year, and its bitcoin mining revenue dwindled even more from $77.5 million to $24.39 million.
Over Q4, Core Scientific’s bitcoin mining revenue fell to $42.2 million from $79.9 million a year prior, with the company mining 57% less bitcoin during the period.
Chief Executive Officer Adam Sullivan stated Core Scientific is scaling its AI colocation into a 1.5 gigawatt pipeline of leasable capacity. “We’re now past the halfway point on our existing builds,” Sullivan stated, referring to the company’s 590 MW contract with neocloud CoreWeave, of which 350 MW are active.
Over the course of Q4, the company increased its power capacity by 300 MW across its sites in Dalton, Georgia, and Pecos, Texas. Core Scientific also signed an agreement to expand into Hunt County, Texas, for 430 megawatts of capacity.
