Q1 2026 mining asset write-down
Company: Core Scientific
The claim, verbatim
Core Scientific wrote down $266.5 million on mining assets in the first quarter, citing weak Bitcoin prices, a historically low hashprice and the falling value of used mining hardware.
Source (primary)
Core Scientific and Iren End Bitcoin Mining and Go All In on AI Data Centers as Neocloud Stocks Crash - trendingtopics.eu (-, news_article)
View cached copy (2026-11-06)Live source ↗Archive.org ↗
Quote: “the company had written down 266.5 million dollars on mining assets in the first quarter”
How we checked this
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Additional evidence
confirms Core Scientific and Iren End Bitcoin Mining and Go All In on AI Data Centers as Neocloud Stocks Crash - trendingtopics.eu
Quote: “the company had written down 266.5 million dollars on mining assets in the first quarter”