92.5% of Q3 revenue came from colocation… Core Scientific ($CORZ)

Core Scientific ($CORZ) reported that colocation services accounted for 92.5% of its Q3 2026 revenue, with colocation revenue at $215.432 million out of total revenue of $232.866 million, according to its quarterly earnings release and SEC filing. Colocation involves providing data center space and power to customers, with electricity costs passed through at no markup but recorded gross in revenue, meaning the segment's share overstates its true contribution to AI-specific revenue or operating profit. The disclosure matters because it shows how heavily Core Scientific's top line still depends on colocation rather than higher-value AI hosting, and investors will watch whether the colocation mix shifts in coming quarters as the company expands AI-focused capacity.