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Core Insights - Core Scientific reported Q4 revenue of $79.8 million and total revenue of $319 million for 2025, reflecting a decline of 16% quarter-over-quarter and 38% year-over-year as the company shifts focus to AI services and reduces bitcoin mining operations [1] - The company's colocation revenue for AI hosting services surged to $31.3 million from $8.5 million in the previous quarter, totaling $65.42 million for 2025 compared to $24.4 million in 2024 [2] - Bitcoin mining revenue fell significantly from $408.74 million in 2024 to $229.21 million in 2025, with Q4 mining revenue dropping to $42.2 million from $79.9 million year-over-year, indicating a 57% reduction in bitcoin mined during the period [2][3] Operational Developments - Core Scientific is expanding its AI colocation capacity to a 1.5 gigawatt pipeline, with CEO Adam Sullivan noting that the company is past the halfway point on existing builds, including a 590 MW contract with neocloud CoreWeave, of which 350 MW are currently active [3] - The company increased its power capacity by 300 MW across its sites in Dalton, Georgia, and Pecos, Texas, and signed an agreement to expand into Hunt County, Texas, for an additional 430 megawatts of capacity [4]

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