{"id":635827,"date":"2026-07-28T15:52:53","date_gmt":"2026-07-28T15:52:53","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/07\/28\/core-scientific-revenue-doubles-in-q2-as-ai-colocation-expansion-accelerates\/"},"modified":"2026-07-28T15:52:53","modified_gmt":"2026-07-28T15:52:53","slug":"core-scientific-revenue-doubles-in-q2-as-ai-colocation-expansion-accelerates","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/07\/28\/core-scientific-revenue-doubles-in-q2-as-ai-colocation-expansion-accelerates\/","title":{"rendered":"Core Scientific revenue doubles in Q2 as AI colocation expansion accelerates"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/blockchain-code-ai-bitcoin.jpg\" alt=\"Core Scientific revenue doubles in Q2 as AI colocation expansion accelerates\" class=\"type:primaryImage\" \/><\/p>\n<p>Core Scientific reported strong second-quarter revenue growth as AI colocation became its largest business, though a non-cash accounting charge resulted in a $1.15 billion net loss.\n<\/p>\n<p>Digital infrastructure company Core Scientific more than doubled its second-quarter revenue as rapid growth in its artificial intelligence and high-performance computing (HPC) colocation business continued to reshape its earnings profile following its pivot beyond Bitcoin mining.<\/p>\n<p>The company reported Tuesday that Q2 revenue increased to $164.2 million, up from $78.6 million a year earlier. Colocation revenue accounted for $136.7 million of the total, compared with just $10.6 million in the same period last year, while gross profit increased to $70 million from $5 million.<\/p>\n<p>Despite the revenue surge, Core Scientific reported a net loss of $1.15 billion, driven primarily by a non-cash accounting charge related to the rising value of outstanding warrants as its share price increased.<\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/markets\/core-scientific-revenue-doubles-q2-ai-colocation-expansion-accelerate\">Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Core Scientific reported strong second-quarter revenue growth as AI colocation became its largest business, though a non-cash accounting charge resulted in a $1.15 billion net loss. Digital infrastructure company Core Scientific more than doubled its second-quarter revenue as rapid growth in its artificial intelligence and high-performance computing (HPC) colocation business continued to reshape its earnings [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":635828,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-635827","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/635827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=635827"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/635827\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/635828"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=635827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=635827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=635827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}