Wu said that Bitcoin mining company Core Scientific announced its financial results for the second quarter of fiscal year 2024, with total revenue of US$141.1 million, a net loss of US$804.9 million, and an adjusted EBITDA of US$46 million. The loss was mainly due to a net non-cash adjustment of US$796 million in warrants and other contingent value liabilities at market value, due to a significant increase in equity value between quarters.