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.

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.

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.

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.