On July 1, Core Scientific fell 5.04% in pre-market trading, trading at $24.46/share, with turnover of $1.325 million.

On the news front, Bitcoin network mining difficulty has declined over 20% from its historical peak, marking the largest drop in recent years, pressuring the company to accelerate its pivot toward AI and high-performance computing. Meanwhile, persistent market concerns that an AI bubble burst could trigger synchronized selling of both Bitcoin and AI-related assets continue to weigh on valuation.

On fundamentals, the company reported Q1 adjusted EPS of -$0.10, missing the consensus estimate of -$0.07 by approximately 43%. Revenue of $115.2 million beat the $111.3 million estimate, but the earnings miss underscored ongoing profitability challenges during its business transformation. Sector peer IREN Ltd declined 6.06%, reflecting broader industry weakness and creating additional drag through sector linkage effects.

(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.)