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Core Scientific shares drop as Bitcoin mining rate declines

Published 06/03/2025, 15:00
© Reuters.
CORZ
0.96%

Investing.com -- Shares of Core Scientific Inc. saw a 16% drop in premarket trading after the firm reported a decrease in its Bitcoin mining rate in February.

The firm’s Bitcoin mining rate fell to 7.7 self-mined Bitcoin per day in February, down from 8.3 in January, as per a company statement.

Brett Knoblauch, an analyst at Cantor Fitzgerald, linked the decline to a slightly lower energized hash rate during a month where the overall network hash rate, representing the total computing power, experienced growth.

If this decline continues through regular trading, it will be the largest one-day drop since January 27, when crypto-linked stocks experienced a sell-off after a model from Chinese AI firm DeepSeek incited a shift away from risk assets.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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