PANews reported on October 25th that Core Scientific, a Nasdaq-listed Bitcoin mining company, released its third-quarter 2025 financial report, revealing a 55% decrease in Bitcoin mining output in the third quarter. Revenue from self-mining digital assets was $57.4 million, down from $68.1 million in the same period last year, and managed mining revenue was $8.7 million, also down from the same period last year. Core Scientific also announced that it held $453.4 million in cash and cash equivalents and $241.4 million in Bitcoin at the end of the third quarter.

Smaller Bitcoin miners surge in hashrate and debt as competition intensifies post-halving, reshaping the industry’s balance of power. The Bitcoin mining industry is becoming increasingly competitive, with so-called tier-2 operators closing the gap on established leaders in realized hashrate — a sign of a more level playing field following the 2024 halving.According to The Miner Mag, companies such as Cipher Mining, Bitdeer and HIVE Digital have rapidly expanded their realized hashrate after several years of infrastructure growth, narrowing the distance to top players like MARA Holdings, CleanSpark and Cango.“Their ascent highlights how the middle tier of public miners — once trailing far behind — has rapidly scaled production since the 2024 halving,” The Miner Mag wrote in its latest Miner Weekly newsletter. Read more

