🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
Core Scientific reported a net profit of $580 million in the first quarter, mainly due to adjustments in the valuation of warrants.
PANews reported on May 8 that Core Scientific, a Nasdaq-listed Bitcoin mining company, achieved a net profit of $580.7 million in Q1 2025, doubling year-on-year, mainly due to a non-cash gain of $621.5 million from warrants adjusted by market capitalization after last year's bankruptcy restructuring. Despite a sharp year-on-year decline in revenue to $7.95 million, the company is transforming and expanding its high-performance computing business and has signed a large energy services agreement with CoreWeave, which is expected to bring in $360 million in revenue next year.