Core Scientific's revenue from proprietary mining declined in the third quarter, while AI hosting revenue reached $215 million.

Bitcoin mining company Core Scientific reported a 79% year-over-year decline in revenue from its proprietary mining operations to $12.3 million in the third quarter, with the business incurring a gross loss of $7.5 million. The company's managed services revenue reached $215.4 million in the third quarter. (Source: The Block)