According to CoinMeta, Wu said that Bitcoin mining company Core Scientific announced its third-quarter financial report on November 5th. The company reported revenue of approximately $233 million, a year-on-year increase of 187%, and net profit of about $1.178 billion. In the same period last year, there was a net loss of around $144 million. The profit growth was mainly driven by non-cash income from changes in the fair value of warrants. The financial report shows that the company sold digital assets obtained from its own mining activities in the first three quarters of this year, earning approximately $287 million in cash. As of September 30th, the value of the digital asset holdings had decreased to about $2.69 million. Revenue from self-operated mining in the third quarter decreased by about 79% year-on-year to $12.26 million, while revenue from high-density data center hosting reached $215.4 million, accounting for about 92.5% of total revenue. The company is gradually converting the remaining mining facilities into AI data centers.