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Bitcoin Miner Core Scientific Lost $435 Million in the Third Quarter

Paul Vigna 2022.11.23 23:30

Bitcoin Miner Core Scientific Lost $435 Million in the Third Quarter

Bitcoin Miner Core Scientific Lost $435 Million in the Third Quarter

Things aren’t exactly improving for bitcoin miners. The companies that operate the computer equipment upon which the bitcoin network operates have been roiled over the past year by the crash in crypto markets. On Tuesday, Core Scientific reported it lost $435 million in the third quarter, compared with $16.6 million a year ago. For the first nine months of the year, it lost $1.7 billion, compared with $13.2 million a year ago. Third quarter revenue rose to $162.6 million from $113.1 million a ye

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