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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Core Scientific: Q2 Mining output decreased by 62% year-on-year, and the merger transaction with CoreWeave still requires shareholder approval.
Golden Finance reported that Core Scientific, a Nasdaq-listed Bitcoin mining company, published its financial performance report for the second quarter of the fiscal year 2025, disclosing that the mining revenue for the second quarter was $62.4 million, down from $110.7 million in the same period last year, primarily due to a 62% decrease in Bitcoin mining output; in addition, the company’s digital asset custody mining revenue was $5.6 million, also down from $24.8 million in the same period last year, with a gross profit of $5 million, compared to $38.8 million in the same period last year. In response to market concerns about the sale of CoreWeave in the form of a full stock transaction, Core Scientific stated that the transaction is still pending and requires approval from the company's shareholders as well as customary closing conditions, including applicable regulatory approvals.