Core Scientific Bitcoin Holdings Rise 55% Amid $41.9M Block Deal Termination

Core Scientific added 301 BTC to reach 848 units in Q2. Revenue doubled to $164.2M, but a $41.9M loss was recorded from terminating a Block chip purchase contract.

Woofun AI data shows that Core Scientific’s Bitcoin holdings grew by 301 units in the second quarter, bringing the total to 848 BTC. The firm reversed its previous strategy of selling digital assets to prioritize AI and high-performance computing, opting instead to accumulate more BTC during this period.

Financial results for the quarter indicate revenue climbed to $164.2 million from $78.6 million in the same period of 2025, with gross profit jumping from $5 million to $70 million.

However, the company recognized a $41.9 million loss after terminating a contract with Block for BTC mining chips. This termination canceled remaining delivery obligations for advance payments totaling $67.9 million. Core Scientific cited higher returns from leasing data centers to AMD as the reason for ending the Block agreement, having signed a 15-year lease for 529 megawatts expected to yield over $14 billion in revenue.