How did Core Scientific's revenue and expenses shift in Q4 2024 compared to previous quarters?

Core Scientific's revenue and expenses in Q4 2024 showed a significant decline compared to the previous quarter, Q3 2024: 1. **Revenue Shift**: - Core Scientific's revenue for Q4 2024 was $141.93 million. - This was a decrease from the $179.29 million reported in Q3 2024. - The revenue further decreased from the $141.1 million in Q2 2024. - The lowest revenue was recorded in Q3 2024, at $95.35 million. |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |CORZ|CORZ.O|Core Scientific|2023 Q4|17.054845360824743|1.41929E8|185| |CORZ|CORZ.O|Core Scientific|2024 Q1|48.59806887406241|1.79291E8|185| |CORZ|CORZ.O|Core Scientific|2024 Q2|11.180975794251134|1.41102E8|185| |CORZ|CORZ.O|Core Scientific|2024 Q3|-15.544179125628855|9.5354E7|185| 2. **Expense Shift**: - Net income for Q4 2024 was -$195.69 million. - This was a significant decrease from the $210.69 million reported in Q3 2024. - The net income continued to decline, with -$804.9 million in Q2 2024. - The least negative net income was recorded in Q3 2024, at -$455.26 million. |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |CORZ|CORZ.O|Core Scientific|2023 Q4|54.99727490358678|-1.95693E8|185| |CORZ|CORZ.O|Core Scientific|2024 Q1|54401.804123711336|2.10691E8|185| |CORZ|CORZ.O|Core Scientific|2024 Q2|-8592.181425485962|-8.04896E8|185| |CORZ|CORZ.O|Core Scientific|2024 Q3|-1006.4477713507996|-4.55259E8|185| 3. **Growth Rates**: - The YoY growth rate for revenue in Q4 2024 was -0.33%. - The YoY growth rate for net income in Q4 2024 was -0.36%. - These growth rates indicate a decline in both revenue and net income compared to the same period in the previous year. |code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|market_code| |---|---|---|---|---|---|---| |CORZ|CORZ.O|Core Scientific|2024 Q1|54401.804123711336|48.59806887406241|185| |CORZ|CORZ.O|Core Scientific|2024 Q2|-8592.181425485962|11.180975794251134|185| |CORZ|CORZ.O|Core Scientific|2024 Q3|-1006.4477713507996|-15.544179125628855|185| |CORZ|CORZ.O|Core Scientific|2024 Q4|-35.692641024461786|-33.11796743442144|185| In conclusion, Core Scientific experienced a decrease in revenue and a significant increase in expenses in Q4 2024 compared to the previous quarter, leading to a substantial negative net income.