Core Scientific, Inc. (NASDAQ: CORZ), a leader in digital infrastructure for high-density colocation services and digital asset mining, announced its fiscal second quarter 2025 financial results. The company reported total revenue of $78.6 million, a decrease from $141.1 million in the second quarter of 2024. The digital asset self-mining revenue was $62.4 million, down from $110.7 million in the prior-year period, primarily due to a 62% decrease in bitcoin mined, although partially offset by a 50% increase in the average bitcoin price. Digital asset hosted mining revenue fell to $5.6 million from $24.8 million year-over-year, attributed to a strategic shift towards the colocation business. Colocation revenue rose to $10.6 million from $5.5 million in the second quarter of 2024, supported by the expansion of operations into Denton, Texas. Core Scientific reported a gross profit of $5.0 million compared to $38.8 million in the same period last year. The net loss for the quarter was $936.8 million, compared to $804.9 million in the prior-year period. This was primarily due to non-cash fair value adjustments associated with warrants and contingent value rights, driven by an increase in stock price. Adjusted EBITDA was reported at $21.5 million, down from $46.0 million in the previous year. Capital expenditures for the quarter amounted to $121.3 million, with $90.3 million funded by CoreWeave under contractual agreements and $31.0 million spent on new site development at non-CoreWeave locations. The company's liquidity position at the end of the second quarter of 2025 was $754.1 million, including $581.3 million in cash and cash equivalents and $172.8 million in digital assets. Additionally, Core Scientific has entered into an Agreement and Plan of Merger with CoreWeave, in which CoreWeave will acquire Core Scientific in an all-stock transaction, subject to stockholder approval and customary closing conditions.