Core Scientific Posts $210.7M Profit in Q1 2024, Boosted by Bitcoin Mining Surge
Core 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...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Wall Street’s favorite Bitcoin broker just walked away from institutional trading to chase gigawatts of power
BitGo's NYDIG deal transfers its institutional trading business to the digital-asset custody and trading infrastructure provider,...
Capital B’s €21 million Bitcoin raise comes with heavy warrant dilution risk
Bitcoin treasury company Capital B plans to raise €21 million and use the proceeds, along with operating funds, to buy another 270...
Bitcoin Cools Off After $3 Billion ETF-Driven Surge
Bitcoin Magazine Bitcoin Cools Off After $3 Billion ETF-Driven Surge Bitcoin slid Friday afternoon, cooling down after a phenomena...
Fed Chair Kevin Warsh triggers a $488 million crypto liquidation cascade as rate-hike expectations rise
Bitcoin fell below $77,000 Friday after Fed Chair Kevin Warsh revived the threat of higher interest rates at Jackson Hole. Data fr...
Layer 1 blockchain Fogo halts mainnet after attacker receives 400 million FOGO tokens, 10% of circulating supply
The affected tokens make up about 4% of FOGO's genesis supply and were worth about $3 million at the time of the incident.
Sui (SUI) Price Prediction: ETF Inflows and 100MA Support Strengthen $1.15 Outlook
Recent SUI price action has focused attention on the $0.73-$0.76 area, where several short- and medium-term moving averages are pr...