Core Scientific just tanked after their Q4 results came out, and honestly the numbers weren't looking great. Mining operations clearly struggling with the current market conditions. You'd think with all the Bitcoin buzz lately they'd be doing better, but seems like operational costs are eating into margins pretty hard.



Their stock took a hit and investors are definitely spooked. Makes you wonder how the bigger mining outfits are actually holding up behind the scenes. Anyway, mega penguins aside, this is worth watching if you're tracking the mining sector. Anyone else noticing the pattern with these quarterly letdowns?
BTC-0.84%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin