Inferra AI / Company / CORZ
Core Scientific, Inc./Tx
CORZ · Financials
Last earnings Jul 28, 2026
Key results
GAAP revenuequarter
$350 million
Billing for 243 MW of capacity, representing approximately $350 million in average annualized colocation GAAP revenue.
SEC original ↗Core Scientific, Inc./Tx — Earnings release (8-K exhibit)EX-99May 6, 2026
Total revenuequarter
$115.2 million
First Quarter 2026 Financial Results Total revenue was $115.2 million compared to $79.5 million in the first quarter of 2025.
SEC original ↗Core Scientific, Inc./Tx — Earnings release (8-K exhibit)EX-99May 6, 2026
Colocation revenuequarter
$77.5 million
Colocation revenue was $77.5 million, up from $8.6 million in the first quarter of 2025, driven by incremental billable customer power capacity delivered to our customer during the quarter.
SEC original ↗Core Scientific, Inc./Tx — Earnings release (8-K exhibit)EX-99May 6, 2026
Revenuequarter
$30.1 million
Digital asset self-mining revenue was $30.1 million, down from $67.2 million in the first quarter of 2025, driven by the 45% decrease in bitcoin mined primarily due to the continued strategic shift to our colocation business and the 18% decrease in the average bitcoin price.
SEC original ↗Core Scientific, Inc./Tx — Earnings release (8-K exhibit)EX-99May 6, 2026
Conflicting figures recorded for this item — see “Conflicting figures” below.
PIPELINE IN CONTRACTED revenuequarter
$10B
FULLY DILUTED MARKET CAP* 7 STATES ~3.0 GW $10B+ IN TOTAL LEASABLE CUSTOMER POWER PIPELINE IN CONTRACTED REVENUE ACROSS OUR FOOTPRINT *Based on stock price as of May 5, 2026, close and fully diluted share count of ~505 million $11.2B 4 Integrated Colocation Platform Site & Infrastructure Access Delivery & Build Execution Operations & Scalable Growth 1 Identify, evaluate, and secure sites with available power, strong network access, and room to expand for high-density operations.
SEC original ↗Core Scientific, Inc./Tx — Presentation / slide deck (8-K exhibit)EX-99May 6, 2026
Revenues from CoreWeave contract are paid directly into a lockbox tied to the $3.3 billion senior secured notes due 2031 2.
SEC original ↗Core Scientific, Inc./Tx — Presentation / slide deck (8-K exhibit)EX-99May 6, 2026
Full completion on track for early 2027 Muskogee, OK Leased power: ~70MW On track for midyear delivery Marble, NC Leased power: ~65MW Fully handed over to customer Austin, TX Leased power: ~20MW Fully handed over to customer Total leased power ~590 MW 13 Contract Summary ~590MW infrastructure ~800MW gross $10B+ in revenue potential over the contracts term ~$850M average annualized colocation GAAP revenue 1 No ability to unilaterally terminate, with aligned joint execution risk Take-or-pay contract at a fixed cost, with annual escalator Client pays for capex 4, power, and utilities 1.
SEC original ↗Core Scientific, Inc./Tx — Presentation / slide deck (8-K exhibit)EX-99May 6, 2026
AI analysis
Q1 2026 · reported May 6, 2026
Based on: Earnings release + Q1 2026 deck + parent 8-K + 10-Q — transcript not held
The quarter in charts
Segment mix
Business-unit revenue, as stated
Segment revenue figures as stated in the event record.
Headline figures
| Metric | Q1 2026 | Prior qtr | Year ago |
|---|---|---|---|
| GAAP revenue | $350 million | — | $79.5 million |
| Total revenue | $115.2 million | — | $79.5 million |
| Colocation revenue | $77.5 million | — | $8.6 million |
| Revenue | $30.1 million | — | $67.2 million |
| PIPELINE IN CONTRACTED revenue | $10B | — | — |
Guidance · company-stated
No guidance located in the held release
Capital allocation
htm EX-99.1 Document Core Scientific Announces First Quarter Fiscal Year 2026 Results Recent Developments Strengthened the capital structure through today s closing of a $3.3 billion offering of 7.75% senior secured notes due 2031, supporting strategic data center development projects.
Event summary
First Quarter 2026 Financial Results Total revenue was $115.2 million compared to $79.5 million in the first quarter of 2025
Based on: Earnings release + Q1 2026 deck + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
htm EX-99.1 Document Core Scientific Announces First Quarter Fiscal Year 2026 Results Recent Developments Strengthened the capital structure through today s closing of a $3.3 billion offering of 7.75% senior secured notes due 2031, supporting strategic data center development projects.
SEC original ↗Core Scientific, Inc./Tx — Earnings release (8-K exhibit)EX-99May 6, 2026
Capital expenditures were $389.2 million, $129.9 million of which were funded by CoreWeave, Inc.
SEC original ↗Core Scientific, Inc./Tx — Earnings release (8-K exhibit)EX-99May 6, 2026
Revenues from CoreWeave contract are paid directly into a lockbox tied to the $3.3 billion senior secured notes due 2031 2.
SEC original ↗Core Scientific, Inc./Tx — Presentation / slide deck (8-K exhibit)EX-99May 6, 2026
Conflicting figures recorded for this item — see “Conflicting figures” below.
2026 CapEx plan of ~$2B, as of May 6, 2026, assumes no new customer contract.
SEC original ↗Core Scientific, Inc./Tx — Presentation / slide deck (8-K exhibit)EX-99May 6, 2026
CapEx expectations may change based on the timing of the new customer contract.
SEC original ↗Core Scientific, Inc./Tx — Presentation / slide deck (8-K exhibit)EX-99May 6, 2026
Full completion on track for early 2027 Muskogee, OK Leased power: ~70MW On track for midyear delivery Marble, NC Leased power: ~65MW Fully handed over to customer Austin, TX Leased power: ~20MW Fully handed over to customer Total leased power ~590 MW 13 Contract Summary ~590MW infrastructure ~800MW gross $10B+ in revenue potential over the contracts term ~$850M average annualized colocation GAAP revenue 1 No ability to unilaterally terminate, with aligned joint execution risk Take-or-pay contract at a fixed cost, with annual escalator Client pays for capex 4, power, and utilities 1.
SEC original ↗Core Scientific, Inc./Tx — Presentation / slide deck (8-K exhibit)EX-99May 6, 2026
Strategy & priorities
htm EX-99.1 Document Core Scientific Announces First Quarter Fiscal Year 2026 Results Recent Developments Strengthened the capital structure through today s closing of a $3.3 billion offering of 7.75% senior secured notes due 2031, supporting strategic data center development projects.
SEC original ↗Core Scientific, Inc./Tx — Earnings release (8-K exhibit)EX-99May 6, 2026
Digital asset self-mining revenue was $30.1 million, down from $67.2 million in the first quarter of 2025, driven by the 45% decrease in bitcoin mined primarily due to the continued strategic shift to our colocation business and the 18% decrease in the average bitcoin price.
SEC original ↗Core Scientific, Inc./Tx — Earnings release (8-K exhibit)EX-99May 6, 2026
Moreover, we have included Adjusted EBITDA in this earnings release because it is a key measurement used by our management internally to make operating decisions, including those related to operating expenses, evaluate performance, and perform strategic and financial planning.
SEC original ↗Core Scientific, Inc./Tx — Earnings release (8-K exhibit)EX-99May 6, 2026
Additional grid connected power currently in load study 9 Behind-the-Meter Key site attributes Due to congested interconnection queues and high upfront collateral required by utilities, behind-the-meter is a strategic and targeted solution to provide the power to meet customer demand.
SEC original ↗Core Scientific, Inc./Tx — Presentation / slide deck (8-K exhibit)EX-99May 6, 2026
For the additional 70 MW expansion, Core Scientific is responsible for funding $104 Million of capex ($1.5M per MW) for the powered core and shell with no capex credit associated with this new agreement.
SEC original ↗Core Scientific, Inc./Tx — Presentation / slide deck (8-K exhibit)EX-99May 6, 2026
Risks & headwinds
These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions, known or unknown, that could cause actual results to vary materially from those indicated or anticipated.
SEC original ↗Core Scientific, Inc./Tx — Earnings release (8-K exhibit)EX-99May 6, 2026
These risks, assumptions and uncertainties include those described in Part I.
SEC original ↗Core Scientific, Inc./Tx — Earnings release (8-K exhibit)EX-99May 6, 2026
If one or more of these risks or uncertainties materializes, or if underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements.
SEC original ↗Core Scientific, Inc./Tx — Earnings release (8-K exhibit)EX-99May 6, 2026
Legal Proceedings 45 Item 1A.
SEC original ↗Core Scientific, Inc./Tx — 10-Q Quarterly report10-QJul 28, 2026
Legal Proceedings The Company is subject to legal proceedings arising in the ordinary course of business.
SEC original ↗Core Scientific, Inc./Tx — 10-Q Quarterly report10-QJul 28, 2026
However, the uncertainties inherent in legal proceedings make it difficult to reasonably estimate the costs and effects of resolving these matters.
SEC original ↗Core Scientific, Inc./Tx — 10-Q Quarterly report10-QJul 28, 2026
Conflicting figures
Revenue
$30.1 million
“Digital asset self-mining revenue was $30.1 million, down from $67.2 million in the first quarter of 2025, driven by the 45% decrease in bitcoin mined primarily due to the continued strategic shift to our colocation business and the 18% decrease in the average bitcoin price.”
$3.3 billion
“Revenues from CoreWeave contract are paid directly into a lockbox tied to the $3.3 billion senior secured notes due 2031 2.”
Earnings deck slides
0 decks with slide viewCore Scientific, Inc./Tx — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Core Scientific, Inc./Tx — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Core Scientific, Inc./Tx — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Core Scientific, Inc./Tx — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Core Scientific, Inc./Tx — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Core Scientific, Inc./Tx — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Core Scientific, Inc./Tx — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
40 documents- Q2 2026
- 8-KCORZ
Sep 10, 2026
- 8-KCORZ
Aug 27, 2026
- 8-KCORZ
Aug 14, 2026
- 8-KCORZ
Jul 29, 2026
- 8-KCORZ
Jul 28, 2026
- 8-KCORZ
Jul 28, 2026
- EX-99CORZ
Jul 28, 2026
- 10-QCORZ
Jul 28, 2026
- Q1 2026
- 8-KCORZ
May 26, 2026
- EX-99CORZ
May 26, 2026
- 8-KCORZ
May 15, 2026
- 8-KCORZ
- 8-KCORZ
- 8-KCORZ
- 10-QCORZ
- EX-99CORZ
- EX-99CORZ
- 8-KCORZ
- 8-KCORZ
Apr 27, 2026
- EX-99CORZ
Apr 27, 2026
- 8-KCORZ
Apr 21, 2026
- EX-99CORZ
Apr 21, 2026
- Q4 2025
- 8-KCORZ
Mar 23, 2026
- EX-99CORZ
Mar 23, 2026
- 8-KCORZ
- EX-99CORZ
- 8-KCORZ
- 10-KCORZ
- 8-K/ACORZ
Feb 19, 2026
- 8-KCORZ
Feb 18, 2026
- Q3 2025
- 8-KCORZ
Oct 31, 2025
- 8-KCORZ
Oct 30, 2025
- 8-KCORZ
Oct 30, 2025
- 8-KCORZ
Oct 30, 2025
- EX-99CORZ
Oct 30, 2025
- EX-99CORZ
Oct 30, 2025
- 8-KCORZ
Oct 24, 2025
- 10-QCORZ
Oct 24, 2025
- 8-KCORZ
Oct 22, 2025
- 8-KCORZ
Oct 15, 2025
Earnings releases
7 documentsPresentations
7 documents
Transcripts
0 documentsNo transcripts for Core Scientific, Inc./Tx are held in this edition of the library.
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