Core Scientific's third-quarter colocation data center revenue increased by nearly 60% quarter-over-quarter, with net profit reaching $1.178 billion.

On November 05, according to an official announcement from Core Scientific, the company released its third-quarter 2026 financial results. Total revenue for the period reached $232.9 million, representing a year-over-year increase of approximately 187%; high-density colocation (HDC) data center revenue totaled $215.4 million, up nearly 60% quarter-over-quarter. As of September 30, the company’s commissioned and billable colocation capacity reached 485 MW, corresponding to an annualized GAAP colocation revenue exceeding $700 million. Net income reached $1.178 billion, primarily driven by non-cash gains from changes in the fair value of warrants; adjusted EBITDA came in at $133.6 million, more than tripling sequentially. The company stated that the first colocation agreement is nearing full delivery, while construction for the second agreement is advancing across five campus sites.