AI Infrastructure NASDAQ: CORZ

Core Scientific, Inc. (CORZ)

High-density data-center capacity shifting from Bitcoin mining toward long-term AI colocation.

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✓ Reviewed by Get AI Decoded Editorial Team Updated August 2026

The AI Angle

Core Scientific is converting a large portfolio of power-connected U.S. sites from digital-asset mining toward high-density colocation for artificial intelligence infrastructure. That pivot became economically material in the second quarter of 2026, when colocation revenue reached $136.7 million and represented most of total revenue. Long-duration contracts with CoreWeave and AMD provide a path to scale AI capacity, but the investment case depends on construction execution, financing discipline, and converting reserved megawatts into billed capacity on schedule.

Key Numbers

$164.2M

Q2 2026 Revenue

Up 109% YoY; company results July 28, 2026

$136.7M

Q2 Colocation Revenue

Majority of total quarterly revenue

437 MW

Billed Capacity

Approximately $635M annualized colocation GAAP revenue at mid-July 2026

$6.75B

Recent Market Cap

Yahoo Finance market data checked Aug. 8, 2026

4/5

AI Exposure Score

Strong AI revenue driver.

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⚡ About AI Exposure Score: Reflects how central AI is to this company's current revenue and growth strategy. 5 = AI is the core business. 1 = AI is a minor angle. Editorial assessment — not a buy/sell signal.

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Upcoming Catalysts

AMD agreements anchor roughly 530 MW across five sites with more than $14 billion of potential base contracted revenue
The AMD partnership includes a pathway to as much as 2.5 GW of leasable AI capacity
CoreWeave deployments and additional customer capacity can expand billed high-density colocation revenue
Existing power-connected sites may shorten development timelines versus greenfield AI data-center projects

Key Risks

Roughly $4.4 billion of total debt and heavy construction spending create refinancing and execution risk
Large customer contracts concentrate counterparty and deployment-timing exposure
Power, equipment, labor, or construction delays can defer revenue while interest expense continues
The remaining digital-asset mining business adds commodity-price and operating volatility during the transition

Recent News

2026-07-28 · undefined

AMD signs AI data-center deal with Core Scientific

2026-07-28 · undefined

Core Scientific announces second-quarter 2026 results

2026-04-22 · undefined

Core Scientific raises $3.3 billion from AI junk-bond offering

Sources: Core Scientific Q2 2026 results July 28, 2026; Reuters AMD partnership July 28, 2026; Bloomberg bond financing April 22, 2026; Yahoo Finance market and balance-sheet data Aug. 8, 2026.

⚠️ Not financial advice. This page is for informational purposes only. All figures are sourced from public earnings reports, company guidance, and financial news. Past performance is not indicative of future results. Always do your own research before making any investment decisions.