On February 27, 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 for the fourth quarter, mainly due to a $224.7 million "non-cash mark-to-market adjustment for warrants and other contingent rights liabilities." The company said that due to the sharp year-on-year increase in its share price, the accounting treatment of financial obligations needed to be updated, so adjustments had to be made. Core Scientific emphasized that this loss does not represent an actual cash outflow. Earlier today, Core Scientific and CoreWeave reached a 12-year AI data center expansion agreement, and its share price surged 11%.