Core Scientific 3Q 2026: Revenue $232.87M, EPS $0.47 — 10-Q Summary

What happened

Core Scientific reported third-quarter 2026 revenue of $232.87 million, while diluted earnings per share were $0.47. Colocation revenue rose as customer capacity expanded, more than offsetting lower self-mining revenue amid reduced bitcoin production and prices. The company also reported net income, primarily driven by a gain from changes in warrant fair value.

Confirmed

Global impact / market context

The revenue mix is shifting toward hosting computing capacity for customers rather than relying as heavily on mining bitcoin. If customer capacity keeps coming online, colocation billings could support revenue; however, the reported net income was primarily driven by a warrant fair-value gain, not necessarily recurring operations.

Analyst inference

Customer capacity billed by Core Scientific reached 485 megawatts, while 105 megawatts leased to CoreWeave remained under construction and commissioning. Agreements covering about 530 megawatts with AMD and Neocloud are expected to begin phased revenue in 2027, so timing of buildout matters to future billings.

Confirmed

What to watch

1. Watch whether the 105 megawatts still being built for CoreWeave becomes billable; delays would postpone customer revenue, while completed capacity could add to colocation billings. Analyst inference
2. Track progress on the agreements for about 530 megawatts with AMD and Neocloud, including whether the planned phased revenue start in 2027 remains on schedule. Confirmed
3. Compare future self-mining revenue with bitcoin production and realized prices, since both fell and reduced mining income even as customer-hosting billings grew. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

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