Core Scientific's Q3 Colocation Data Center Revenue Grew Nearly 60% Quarter-over-Quarter; Net Income Reached $1.178 Billion

TechFlow news, November 05: According to Core Scientific's official announcement, the company released its Q3 2026 financial report. Total revenue for the period reached $232.9 million, up approximately 187% year-over-year. Of this, High-Density Colocation (HDC) data center revenue reached $215.4 million, up nearly 60% quarter-over-quarter. As of September 30, the company's billed colocation capacity reached 485 MW, corresponding to annualized GAAP colocation revenue of more than $700 million. Net income reached $1.178 billion, primarily driven by non-cash gains from changes in the fair value of warrants; adjusted EBITDA reached $133.6 million, more than tripling quarter-over-quarter. The company said its first colocation agreement is approaching full delivery, while the second agreement is progressing with construction across five campuses.

Source: TechFlow