The post Core Scientific Reports 55% Drop in Bitcoin Mining Output appeared on BitcoinEthereumNews.com. Key Points: Core Scientific reports 55% decrease in Bitcoin mining output. Revenue from self-mining and managed mining declines. Firm maintains significant cash and Bitcoin reserves. Core Scientific, listed on Nasdaq, reported a 55% decrease in Bitcoin mining output in the third quarter of 2025, impacting their financial performance. The reduction in output raises concerns over Bitcoin mining profitability and could signal shifts in market sentiment, affecting trading positions and future industry strategies. Core Scientific Reports 55% Drop in Bitcoin Mining Output Core Scientific’s third-quarter financial report highlights a 55% decline in Bitcoin mining output, marking a challenging period for the mining giant. The company reported revenues of $57.4 million from self-mining activities, down from $68.1 million a year earlier. Managed mining revenue also saw a decline, reaching $8.7 million. For detailed financials, see EDGAR data from Core’s Q3 2025 filing. Core Scientific’s financials showed a total revenue of $81.1 million, illustrating sharp declines from the previous year. Net losses narrowed to $146.7 million from the last year’s $455.3 million loss. These figures indicate adjustments in operating efficiency, although challenges persist. As of now, there are no direct quotes from the executives of Core Scientific regarding the Q3 2025 financial results. The official earnings release does confirm the data but lacks specific commentary from CEO Adam Sullivan, President and COO Erik Svenson, or any other executives. Bitcoin Stabilizes Despite Mining Sector Challenges Did you know? Core Scientific held $453.4 million in cash and $241.4 million in BTC at quarter-end, suggesting strategic liquidity management. Bitcoin (BTC) is currently valued at $111,555.74 with a market cap reaching $2.22 trillion, dominating at 59.02% market dominance, according to CoinMarketCap. BTC has seen a modest 0.72% price increase in the last 24 hours. The trading volume over 24 hours is $27.01 billion, showing a 44.49% decrease.… The post Core Scientific Reports 55% Drop in Bitcoin Mining Output appeared on BitcoinEthereumNews.com. Key Points: Core Scientific reports 55% decrease in Bitcoin mining output. Revenue from self-mining and managed mining declines. Firm maintains significant cash and Bitcoin reserves. Core Scientific, listed on Nasdaq, reported a 55% decrease in Bitcoin mining output in the third quarter of 2025, impacting their financial performance. The reduction in output raises concerns over Bitcoin mining profitability and could signal shifts in market sentiment, affecting trading positions and future industry strategies. Core Scientific Reports 55% Drop in Bitcoin Mining Output Core Scientific’s third-quarter financial report highlights a 55% decline in Bitcoin mining output, marking a challenging period for the mining giant. The company reported revenues of $57.4 million from self-mining activities, down from $68.1 million a year earlier. Managed mining revenue also saw a decline, reaching $8.7 million. For detailed financials, see EDGAR data from Core’s Q3 2025 filing. Core Scientific’s financials showed a total revenue of $81.1 million, illustrating sharp declines from the previous year. Net losses narrowed to $146.7 million from the last year’s $455.3 million loss. These figures indicate adjustments in operating efficiency, although challenges persist. As of now, there are no direct quotes from the executives of Core Scientific regarding the Q3 2025 financial results. The official earnings release does confirm the data but lacks specific commentary from CEO Adam Sullivan, President and COO Erik Svenson, or any other executives. Bitcoin Stabilizes Despite Mining Sector Challenges Did you know? Core Scientific held $453.4 million in cash and $241.4 million in BTC at quarter-end, suggesting strategic liquidity management. Bitcoin (BTC) is currently valued at $111,555.74 with a market cap reaching $2.22 trillion, dominating at 59.02% market dominance, according to CoinMarketCap. BTC has seen a modest 0.72% price increase in the last 24 hours. The trading volume over 24 hours is $27.01 billion, showing a 44.49% decrease.…

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more