Core Scientific: Q2 Mining output decreased by 62% year-on-year, and the merger transaction with CoreWeave still requires shareholder approval.

Golden Finance reported that Core Scientific, a Nasdaq-listed Bitcoin mining company, published its financial performance report for the second quarter of the fiscal year 2025, disclosing that the mining revenue for the second quarter was $62.4 million, down from $110.7 million in the same period last year, primarily due to a 62% decrease in Bitcoin mining output; in addition, the company’s digital asset custody mining revenue was $5.6 million, also down from $24.8 million in the same period last year, with a gross profit of $5 million, compared to $38.8 million in the same period last year. In response to market concerns about the sale of CoreWeave in the form of a full stock transaction, Core Scientific stated that the transaction is still pending and requires approval from the company’s shareholders as well as customary closing conditions, including applicable regulatory approvals.