Core Scientific shares move lower as Q4 earnings miss estimates

By Cointelegraph by Jesse Coghlan · Published March 3, 2026 · 2 min read · Source: CoinTelegraph

Written by Jesse Coghlan,Staff Editor

Reviewed by Felix Ng,Staff Editor

Core Scientific shares move lower as Q4 earnings miss estimates

40 minutes ago

Core Scientific missed revenue expectations in the fourth quarter as Bitcoin miners were squeezed by lower prices and higher costs.

Core Scientific shares move lower as Q4 earnings miss estimates — News

Cointelegraph in your social feed

Join our Follow our

Shares in Core Scientific moved lower on Monday after the Bitcoin miner and artificial intelligence compute provider’s fourth-quarter earnings missed analyst expectations amid a late-year drop in crypto markets.

Core Scientific reported Q4 revenues of $79.8 million, down 16% from the year-ago quarter and missing Wall Street expectations of $90.4 million. Its crypto mining revenue fell by nearly half compared to Q4 2024, to $42.2 million.

The company posted a net income of $216 million for the quarter, largely boosted by a fair value gain of $330.3 million in its non-cash holdings. Its adjusted EBITDA showed a loss of $42.7 million.

*Shares in Core Scientific ended slightly lower on Monday after its Q4 earnings miss. Source:* *Google Finance*

The earnings come as Bitcoin (BTC) is trading nearly 50% below its peak in early October at around $68,000. The cryptocurrency fell sharply late last year after hitting a peak of over $126,000, ending 2025 at just under $88,500.

The drop has hurt the profits of Bitcoin miners, which are also facing headwinds from higher energy and computing costs as many, including Core Scientific, spend big on pivoting to AI by offering colocation services for high-performance computers.

Core Scientific CEO Adam Sullivan said the company was “now past the halfway point on our existing builds and scaling our colocation platform into a 1.5-gigawatt pipeline of leasable capacity.”

The company added that it is expanding one of its sites in Texas to support 430 megawatts of gross power capacity and has increased power capacity at other sites in Georgia and Texas by 300 megawatts.

Shares in Core Scientific (CORZ) ended trading on Monday down 2.8% to $16.49. Its stock fell to a low of $14.69 after the bell, but recovered to end the after-hours session flat. Core Scientific’s stock is up over 13% so far this year.

Riot Platforms trades flat on Q4 revenue miss

Meanwhile, rival Bitcoin miner and AI compute hoster Riot Platforms posted its Q4 results on Monday, reporting revenue of $152.8 million, up 7% from a year ago but missing analyst expectations of $157 million.

Shares in Riot Platforms (RIOT) traded flat on Monday, ending the day at $16.43 and seeing a less than 1% move after-hours to $16.28.

Magazine: Bitcoin may take 7 years to upgrade to post-quantum — BIP-360 co-author

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy

This article was originally published on CoinTelegraph and is republished here under RSS syndication for informational purposes. All rights and intellectual property remain with the original author. If you are the author and wish to have this article removed, please contact us at [email protected].