Just caught Core Scientific's Q4 earnings and yeah, pretty disappointing numbers. They pulled in $79.8M in revenue but Wall Street was looking for $122M - that's a solid miss. Their loss per share came in worse too at $0.42 versus the expected $0.08. The mining squeeze from the April 2024 halving is still hitting these guys hard.

What's interesting though is they're pivoting hard away from just pure mining. CEO talking about scaling their colocation platform to 1.5 gigawatts and pushing into Texas with 430 megawatts of new capacity. Feels like they're trying to diversify into hosting and AI workloads since straight mining margins got squeezed. The stock dropped 4.5% after hours on the disappointment.

Meanwhile Riot Platforms came out swinging with $647.4M in Q4 revenue, absolutely crushing expectations of $157.4M. Funny how two mining companies can have such different results. Riot's shares barely moved though, so maybe the market already priced that in.

Also watching XRP - saw it break down from around $1.36 to $1.33 on heavy volume earlier. That $1.35 level that was supposed to hold? Yeah, it's now flipped to resistance. The $1.40-$1.41 zone above keeps capping any bounce attempts. Looks like real selling pressure rather than just thin liquidity stuff.