Core Scientific says Q2 2026 colocation revenue rises to $137 million on 437 MW billed capacity ramp-up

Reuters2026/08/11 14:50

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In Q2 2026, performance was driven by a sharp ramp in high-density colocation, reaching 437 billable MW in mid-July, nearly 200 MW above Q1.
GAAP colocation revenue rose sequentially to USD 137 million, reflecting higher billable capacity; CoreWeave revenue is recognized straight-line over 12-year terms.
Announced an AMD partnership for 530 MW across five sites, cited as over USD 14 billion of base contracted revenue over 15 years with 2.5% annual escalators.
Build costs estimated at USD 11-12 million per MW; the 530 MW program implies about USD 6 billion of capital, planned to be financed via project-level bonds.
Bitcoin mining continued to wind down, with nearly 30% fewer miners online than Q1; operations limited to two self-mining sites to offset power costs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Core Scientific Inc. published the original content used to generate this news brief on August 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Core Scientific says Q2 2026 colocation revenue rises to $137 million on 437 MW billed capacity ramp-up

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