According to The Block, Core Scientific released its first quarter financial report with a net loss of $347 million, compared to a net profit of $576 million in the same period last year. The total revenue of the company was 115.2 million US dollars, a year-on-year increase of 45%. The revenue from the custody business reached 77.5 million US dollars, far higher than the 8.6 million US dollars in the same period last year; The revenue from self mining decreased from $67.2 million to $30.1 million, due to a 45% decrease in Bitcoin mining volume and an 18% drop in average price. After the release of the financial report, the company's stock price fell 7% in after hours trading.