Earnings ·
Core Scientific, Inc. reported financial results for the second quarter ended June 30, 2026
CORZRCore Scientific, Inc.
Core Scientific, Inc. reported financial results for the second quarter ended June 30, 2026. Total revenue increased to $164.2 million from $115.2 million in the prior quarter, driven by a rise in colocation revenue to $136.7 million. The company reported a net loss of $1,155.3 million, primarily due to a $1,045.5 million non-cash charge from the change in fair value of warrants. Adjusted EBITDA rose to $41.1 million from $8.9 million. Billing capacity reached 395 MW, up from 225 MW, with approximately $635 million in average annualized colocation GAAP revenue. The company announced a partnership with AMD for up to 2.5 GW of leasable capacity, anchored by 15-year agreements for approximately 530 MW across five sites and more than $14 billion of potential base contracted revenue. Total leased customer power capacity increased to approximately 1.1 GW, representing more than $24 billion of potential contracted revenue. Core Scientific operates in the digital infrastructure industry, designing, building, and operating large-scale data centers for high-density colocation services supporting AI workloads.