According to Cointelegraph, Bitcoin mining company Core Scientific announced its fourth quarter and full-year results for 2024. The company reported a net loss of $265.5 million in the fourth quarter, mainly attributed to $224.7 million in “non-cash adjustments to market prices for warrants and other contingent rights liabilities.” The company said that due to its share price rising sharply year-on-year, accounting treatments for financial obligations need to be updated, and adjustments must be made. Core Scientific stressed that this loss does not represent actual cash outflows. Previous news today, Core Scientific and CoreWeave reached a 12-year AI data center expansion agreement, and the stock price rose 11%.