Core Scientific’s AI Colocation Revenue Jumps to $215M as Mining Role Shrinks
Summary
Core Scientific reported $215.4 million in third-quarter 2026 colocation revenue, up from $136.7 million in the prior quarter, and said it was billing 485 MW of capacity, equivalent to more than $700 million in annualized revenue. Adjusted EBITDA rose to $133.6 million, while capital expenditure totaled $985.1 million. Net income of about $1.18 billion was boosted by a non-cash warrant valuation change. The figures show the former Bitcoin miner’s growing AI infrastructure business, while highlighting substantial construction costs and the importance of delivery progress, customer diversification and future spending.
