On February 27th, according to Cointelegraph, Bitcoin miner Core Scientific announced its results for the fourth quarter and full year of 2024. The company reported a net loss of $265.50 million for the fourth quarter, mainly due to "non-cash mark-to-market adjustments for warrants and other contingent rights liabilities" of $224.70 million. The company said that due to its sharp year-on-year increase in its share price, the accounting treatment of financial obligations needs to be updated, so the adjustment must be made. Core Scientific stressed that the loss does not represent an actual cash outflow. Core Scientific and CoreWeave have reached a 12-year AI data center expansion agreement, causing their shares to rise 11%.