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Core Scientific revenue doubles in Q2 as AI colocation expansion accelerates
Core Scientific's Q2 revenue doubled, driven by AI colocation becoming its largest business. However, a non-cash accounting charge led to a $1.15 billion net loss.
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Adjacent reporting
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- Core Scientific sold $208 million of bitcoin in Q1 as AI pivot continues
- Core Scientific seeks $3.3 billion bond sale to further AI data center pivot
- Core Scientific Adds to AI Junk-Bond Wave With $3.3 Billion Deal
- Core Scientific Reveals $3.3 Billion Junk-Bond Sale to Pivot Further from Bitcoin Mining to AI
- Core Scientific plans $3.3B debt raise to fund AI data center push