Core Scientific released its Q3 2025 financials, showing a year-over-year decline in total revenue despite a 50% increase in AI revenue. The company generated $81.1 million in revenue, a 15% drop from the same quarter last year, with reduced bitcoin mining impacting earnings.

Core Scientific shifted focus from bitcoin mining to AI and HPC, resulting in lower bitcoin production. The company earned $15 million from its AI business line in Q3, an increase from the previous year. Core Scientific plans to have 250 MW online for AI colocation by year-end.

CoreWeave’s proposed acquisition of Core Scientific in a $9 billion all-stock deal has faced criticism for undervaluing the company. Two Seas Capital, a major shareholder, is urging investors to vote against the deal at the upcoming shareholder meeting on October 30, 2025.

Despite recent controversy, Core Scientific’s stock closed up 7.1% on Friday but down 0.44% for the week. The company’s strategy of shifting resources from bitcoin mining to AI and HPC has led to a boost in revenue, particularly from its AI business line.

Read more at Yahoo Finance: Core Scientific releases Q3 2025 earnings, reports 45% boost to AI revenue