According to CryptoPotato, Bitcoin mining leader Core Scientific has announced its financial performance for the first quarter of 2024, showing improvements since bankruptcy. The company reported a net income of $210.7 million, an improvement from a net loss of $400,000 in the same period of 2023. Core Scientific's total revenue for Q1 surged to $179.3 million, up from $120.7 million in the same period last year. Operating income also increased significantly, reaching $55.2 million, an improvement from $7.6 million last year. Adjusted EBITDA soared to $88 million, an improvement from $40.3 million in the same period of 2023. Adam Sullivan, CEO of Core Scientific, attributed these results to the company's navigation of favorable market conditions and its focus on productivity and efficiency. He said they achieved excellent results in the first quarter, earning more Bitcoin than any other listed Bitcoin miner. The financial results also showed that Core Scientific's main revenue stream performed well. Digital asset mining revenue soared to $150 million, driven primarily by a 134% increase in Bitcoin prices and a 20% increase in self-mining hash rate. Hosting revenue also increased to $29.3 million, due to the onboarding of new digital asset mining customers. Sullivan mentioned that they are actively considering repurposing over 500 MW of operational infrastructure to high performance computing, leveraging their access to 1.2 GW of electricity. They also plan to increase their Bitcoin mining hashrate by introducing more energy-efficient miners, while developing high performance computing services. Sullivan stressed that they are well-positioned to capture the opportunities offered by both markets.