PANews reported on February 27 that according to Cointelegraph, Bitcoin mining company Core Scientific announced its fourth quarter and full-year results for 2024. The company reported a net loss of $265.5 million in the fourth quarter, mainly attributed to $224.7 million in "non-cash mark-to-market adjustments for warrants and other contingent value rights liabilities." The company said that due to its significant year-on-year increase in stock prices, it needed to update the accounting treatment of financial obligations, so adjustments had to be made. Core Scientific emphasized that this loss does not represent actual cash outflows.

Earlier news today said that Core Scientific and CoreWeave reached a 12-year AI data center expansion agreement, and its stock price soared 11%.