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What Core Scientific (CORZ) Said on Its Q3 Earnings Call

On Thursday, Core Scientific reported third-quarter 2026 financial results, confirming its transition toward becoming a pure-play, high-density colocation provider focused on artificial intelligence infrastructure.
Management aims to complete its Bitcoin mining exit by year-end 2026, having operated with nearly 50% fewer miners at the end of September compared to year-end 2025.
GAAP colocation revenue grew nearly 60% sequentially to $215.4 million, while Adjusted EBITDA more than tripled to $134 million from $41 million in the second quarter.
With over 1.1 GW contracted across CoreWeave and AMD, Core Scientific raised over $3 billion to fund AI data center growth and has invested all required equity capital for the initial 530 MW AMD build-out.
Data-Center expansion faces fresh uncertainty following midterm election results, which brought scrutiny from opponents regarding electricity bills and local resource demands; management expressed confidence in existing operations and delivery timelines.

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Cointelegraph

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The New York Ledger

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Core Scientific to Exit Bitcoin Mining in 2026

Core Scientific plans to exit Bitcoin mining entirely by the end of 2026, shifting to AI data center hosting as mining revenue falls to just 7.5% of its business.

2 days ago·New York, United States

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The Motley Fool

Lean Left

Core Scientific (CORZ) Q3 2026 Earnings Call Transcript

Colocation revenue surged as AI capacity came online, but financing sets the pace.

2 days ago·Alexandria, United States

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MarketBeat

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What Core Scientific (CORZ) Said on Its Q3 Earnings Call

Core Scientific (NASDAQ:CORZ) reported a sharp increase in third-quarter colocation revenue and adjusted earnings as it brought more data center capacity online for CoreWeave, and said it expects further revenue growth as the remaining capacity is delivered. On its Nov. 5 earnings call, the company

2 days ago·Sioux Falls, United States

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CryptoPotato

Core Scientific to Exit Bitcoin Mining by 2027 as AI Data Center Business Takes Over

Core Scientific's colocation revenue hit $215.4 million in Q3, as it continues to strengthen its AI ambitions ahead of its planned Bitcoin mining exit.

1 day ago

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TokenPost

Core Scientific Revenue Climbs to $232.9 Million on Colocation Growth

Colocation revenue reached $215 million as billable capacity rose to 485 megawatts. Net income was $1.2 billion, primarily reflecting a noncash gain.

1 day ago

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Livecoins

Core Scientific Sells 96% of Its Bitcoins and Promises to Close Mining Operations

This is the fourth mining company that announces a big sale of Bitcoin this week Source: Core Scientific sells 96% of its bitcoins and promises to close mining operations See more news about Bitcoin. Follow Livecoins on Facebook, Twitter, Instagram and YouTube.

1 day ago

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