According to Wu, Bitcoin mining company Core Scientific released its third-quarter financial report on November 5th, showing revenue of approximately $233 million, a year-on-year increase of 187%; net profit was approximately $1.178 billion, compared to a net loss of approximately $144 million in the same period last year. The profit growth was primarily driven by non-cash gains from changes in the fair value of warrants. The report shows that the company sold digital assets obtained from its own mining operations in the first three quarters of this year, obtaining approximately $287 million in cash. As of September 30th, the value of its digital asset holdings had decreased to approximately $2.69 million. Third-quarter revenue from its own mining operations decreased by approximately 79% year-on-year to $12.26 million, while revenue from high-density data center hosting reached $215.4 million, accounting for approximately 92.5% of total revenue. The company is gradually converting its remaining mining facilities into AI data centers. https://www.(wublock123.com)/news/core-scientific-q3-revenue-233m-up-187pct-net-income-1-178b-71411