Core Scientific Q3 mining revenue falls 79% as total revenue rises 187% to $233M

Cointime reports: Bitcoin miner Core Scientific reported third-quarter revenue of about $233 million, up 187% year over year, with earnings per share of $0.47. Net income reached roughly $1.178 billion, driven mainly by non-cash gains from changes in warrant fair value, while adjusted EBITDA rose to $133.6 million and margin expanded to 57% from 25%. Hosting revenue was $215.4 million, up nearly 60% quarter over quarter and about 92.5% of total revenue, while self-mining revenue fell about 79% year over year to $12.26 million.