PANews reported on May 8 that the Nasdaq-listed Bitcoin mining company Core Scientific's net profit in Q1 2025 reached US$580.7 million, doubling year-on-year, mainly due to non-cash income of US$621.5 million from warrants adjusted by market value after bankruptcy reorganization last year. Although revenue fell sharply to US$79.5 million year-on-year, the company is transforming and expanding its high-performance computing business and has signed a large energy service agreement with CoreWeave, which is expected to bring in US$360 million in revenue next year.