On July 2, Core Scientific fell 5.44% in regular trading, trading at $22.45/share, with turnover of $81.88 million.

On the news front, Bitcoin network mining difficulty has dropped over 20% from its historical high, marking the largest decline in recent years and forcing the company to accelerate its pivot toward AI and high-performance computing. Meanwhile, market concerns over a potential AI bubble burst triggering synchronized selling of both Bitcoin and AI-related assets continue to weigh on valuations.

On the fundamental side, the company reported Q1 adjusted EPS of -$0.10, missing the analyst consensus estimate of -$0.07 by approximately 43%. Revenue of $115.24 million beat the $111.25 million estimate. Within the Application Software sector, peer IREN Ltd fell 6.44% on the same day, reflecting broad industry-wide weakness and creating additional downward linkage pressure on the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)