Core Scientific Colocation Revenue Surges 268% Amid Mixed Q4 Results

Core Scientific posted Q4 2025 revenue of $79.8 million, down from $94.9 million a year earlier, and missed revenue forecasts of $122.076 million. The company reported a loss of $0.42 per share, wider than the expected loss of $0.08, and a negative non-GAAP adjusted EBITDA of $42.7 million.

Colocation revenue jumped 268% to $31.3 million from $8.5 million, while digital-asset self-mining revenue fell to $42.2 million, driven by a 57% drop in BTC mined. Gross profit rose to $20.8 million from $4.8 million in 2024. Liquidity stood at $533.4 million at year-end, comprising $311.4 million in cash and cash equivalents and $222 million in BTC holdings.

The company has shifted emphasis from self-mining to hosting and colocation as weaker BTC prices and rising energy costs compress self-mining margins across the sector.

core scientific, q4 2025, revenue, colocation revenue, self-mining, btc mined, bitcoin, gross profit, liquidity, adjusted ebitda