🟢 Core Scientific is trading 5% up in pre-market after revenue beats estimates

Core Scientific is trading at $13.42, up 5.17%, after revenue beat estimates.

• On November 5, pre-market revenue was $232.9 million, above the $196.85 million estimate; billing capacity reached 485 MW.
• Colocation revenue reached $215.4 million, while adjusted EBITDA margin expanded to 57%.
• Bitcoin was nearly flat since the prior close (-0.15%) and Ethereum fell 0.39%, so crypto prices do not appear to explain the gain. Technology shares were up 1.60% pre-market; earnings were scheduled before the open.