Core Scientific reported Q4 revenue of $79.8M versus Wall Street estimates of $90.4M; crypto mining revenue fell to $42.2M (about half year‑over‑year). The company posted net income of $216M driven by a $330.3M non‑cash fair value gain, while adjusted EBITDA was a loss of $42.7M. Management said it is expanding AI colocation capacity, targeting a 1.5‑gigawatt leasable pipeline (adding 430 MW at a Texas site and 300 MW across other Georgia and Texas sites). Shares fell 2.8% to $16.49; rival Riot Platforms also missed Q4 revenue.

Revenue missed estimates ($79.8M vs. $90.4M est), crypto mining revenue dropped to $42.2M (~50% YoY), and adjusted EBITDA was a loss of $42.7M — facts that create short‑term bearish pressure. Net income was positive only due to a $330.3M non‑cash fair value gain, and management’s AI colocation expansion (1.5 GW target) is a longer‑term strategic update rather than an immediate earnings turnaround.