Core Scientific’s revenue rose sharply year over year as higher colocation billings from incremental customer capacity more than offset lower self-mining revenue amid reduced bitcoin production and prices. The company swung to net income, primarily driven by a gain from changes in the fair value of warrants.
Financial Highlights
¹ Reported as “Total revenue”. ² Reported as “Net income (loss)”. ³ Reported as “Diluted”.
Business Highlights
- Colocation: Revenue increased to $215.4M from $15.0M, driven by incremental billable customer power capacity.
- Customer capacity: CoreWeave billable capacity reached 485 MW of 590 MW leased; 105 MW remained in construction and commissioning.
- AMD and Neocloud: Agreements cover approximately 530 MW of critical IT capacity; phased revenue is expected to begin in 2027.
- Self-mining: Revenue declined to $12.3M from $57.4M, reflecting lower bitcoin production and lower average realized bitcoin prices.
- Capacity metrics: Billable customer power capacity was 485 MW at September 30, 2026, up from 395 MW at June 30, 2026.
Original SEC Filing: Core Scientific, Inc./tx [ CORZ ] - 10-Q - Nov. 05, 2026
