TechFlow News, May 7: According to The Block, Bitcoin mining company Core Scientific released its first-quarter financial results. Although Q1 2026 revenue rose year-on-year to $115.2 million and gross profit increased to $30.1 million, the company reported a net loss of $347.2 million for the quarter, compared to a net profit of $576.3 million in the same period last year.
The company attributed the loss primarily to a $266.5 million non-cash impairment charge and a $30.8 million non-cash loss related to changes in the fair value of warrants and contingent value rights. By business segment,托管 revenue rose to approximately $77.5 million, while self-mining revenue declined from $67.2 million to $30.1 million. Following the earnings release, Core Scientific’s stock fell 7% after market close on May 6.
