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Core Scientific, Inc. CORZ Digital Asset Mining Service — Revenue

Discontinued — last reported Q1 '24

Other product segments

Colocation revenue
$77.54M+804%
Cost of digital asset self-mining
$30.11M-55.2%
Digital asset hosted mining revenue from customers
$7.6M+101%

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HUTMining Properties And Mineral Rights — Revenue (Gross)
$3.64M

Other financials

Income statement

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Revenue$115.2M+44.9%
Gross profit$30.1M+267%
Operating income-$310.4M-560%
Net income-$347.2M-160%
EPS (diluted)-$1.06-185%

Balance sheet

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Cash & equivalents$1.1B+64.0%
Total debt$2.2B+82.8%
Total equity-$1.3B-323%
Total assets$3.1B+88.9%

Cash flow

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Operating cash flow$249.9M+655%
CapEx$389.2M+363%
Free cash flow-$139.3M-8.0%

Valuation

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Market cap$9.27B+121%
Enterprise value$10.28B+119%
P/S26.1×+15.9×

Profitability

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Gross margin16.9%+4.3pp
Operating margin-144.7%-478pp
Net margin-238.9%-1.8pp
FCF margin-130%-246pp

Returns & leverage

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Return on equity-242.4%
Debt / equity2.2×
Current ratio0.5×-3.7×

Where this comes from

Reported directly by Core Scientific, Inc. in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The official record: Core Scientific, Inc.’s 10-Q, filed May 9, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Core Scientific, Inc.'s digital asset mining service — revenue?
Core Scientific, Inc. (CORZ) reported digital asset mining service — revenue of $149.96M in Q1 2024.
How has Core Scientific, Inc.'s digital asset mining service — revenue changed year-over-year?
Core Scientific, Inc.'s digital asset mining service — revenue increased by 53.0% year-over-year, from $98.03M to $149.96M.
What is the long-term trend for Core Scientific, Inc.'s digital asset mining service — revenue?
Over 2 years (2021 to 2023), Core Scientific, Inc.'s digital asset mining service — revenue has grown at a 34.1% compound annual growth rate (CAGR), from $216.93M to $390.33M.
What does digital asset mining service — revenue mean?
The total revenue generated by the digital asset mining business segment.
How do you interpret digital asset mining service — revenue?
Growth in this metric signals successful scaling of mining capacity or improved operational output, whereas a decline may indicate reduced hash rate or market headwinds.
How does digital asset mining service — revenue compare across companies?
Comparable to total segment revenue reported by other diversified blockchain and digital infrastructure providers.