Core Scientific sold 2,385 BTC in the first quarter, raising $208.3 million.

CoinFeed reported on May 7th that, according to CoinDesk, Core Scientific (CORZ) recorded a loss of $347.2 million in the first quarter. During this period, it sold 2,385 BTC, raising $208.3 million, and recorded a $266.5 million impairment charge on mining equipment and related assets to raise funds to support its transformation into an AI data center. The company also completed a $3.3 billion 7.75% senior secured note issuance to fund data center construction and repay a $1 billion term loan.