Core Scientific AI‑colocation revenue doubles to $164 m as net loss hits $1.15 bn
Core Scientific reported second‑quarter 2026 revenue of $164.2 million, more than double the $78.6 million earned a year earlier. The surge was driven by AI and high‑performance computing colocation services, which generated $136.7 million in revenue and now represent roughly 83 % of the company’s total sales.
Despite the revenue growth, the company posted a net loss of $1.15 billion. The loss is a non‑cash accounting charge tied to the revaluation of outstanding warrants and contingent‑value rights as the share price rose. Gross profit rose to $70 million from $5 million a year earlier, and adjusted EBITDA reached $41.1 million.
Core Scientific now leases about 1.1 GW of customer power capacity, a portfolio that could deliver more than $24 billion in contracted revenue over the life of the contracts. The firm also announced a strategic partnership with Advanced Micro Devices (AMD) that includes 15‑year agreements for roughly 530 MW of AI‑ready data‑center capacity, with the potential to expand to 2.5 GW and generate over $14 billion in base revenue.
The company’s Bitcoin treasury has been rebuilt to approximately 848 BTC, worth around $54 million, after adding 301 BTC during the quarter. Core Scientific emerged from Chapter 11 bankruptcy in early 2024 and continues to transition from Bitcoin mining to AI infrastructure services.
Entities: Advanced Micro Devices (AMD) · Bitcoin · Core Scientific
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] Core Scientific emerged from Chapter 11 bankruptcy in early 2024.
- [○ 1 SOURCE] Core Scientific's Bitcoin treasury grew to about 848 BTC, valued at roughly $54 million, after adding 301 BTC in the quarter.
- [● 4 SOURCES] AI and high‑performance computing colocation revenue reached $136.7 million in Q2, up from $10.6 million a year earlier.
- [● 4 SOURCES] Core Scientific announced a partnership with AMD that includes 15‑year agreements covering roughly 530 MW of AI‑ready data‑center capacity, with potential to scale to 2.5 GW and generate over $14 b in
- [● 4 SOURCES] Core Scientific's Q2 revenue was $164.2 million, more than double the $78.6 million reported in the same quarter a year earlier. (b317d1e2-3f87-4c2b-8d34-e0b86adf69e5, 0636dc4e-e019-4f18-ad74-3952afa6e6a8, 7544b17b-2ae8-43cf-8c02-a4b61a0c2d52, 0b54ec)
- [● 2 SOURCES] AI colocation services accounted for roughly 83 % of Core Scientific's total revenue in Q2.
- [● 4 SOURCES] Core Scientific posted a net loss of $1.15 billion, primarily due to a non‑cash accounting charge related to warrant revaluation.
- [● 3 SOURCES] Core Scientific's leased customer power capacity totals about 1.1 GW, representing potential contracted revenue exceeding $24 billion.