Core Scientific posts $232.9 million in Q3 2026 revenue as colocation takes over
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Core Scientific reported $232.9 million in Q3 2026 revenue as colocation services overtook bitcoin mining as its primary business line. The shift marks a strategic pivot toward stable, contract-based revenue and away from exposure to crypto price volatility. The company's mining-to-colocation transition reflects a broader trend among bitcoin miners repurposing energy infrastructure for AI and high-performance computing tenants. Investors will watch whether colocation contracts sustain revenue growth and improve margins as mining's contribution continues to shrink.
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