Stock

# Core Scientific (CORZ)

Core Scientific leases high-density data center space, mostly to CoreWeave, and reports Q3 results on 11-05.

Updated Oct 29, 2026

Information and analysis only, not a recommendation to buy, sell or hold any security. The author may own securities discussed.

Researched and drafted with AI agents. Every figure is taken from a source cited on the page.

Analysis and information

## What it does

Core Scientific designs, builds and operates large data centers for high-density colocation, mostly serving AI workloads. It is converting its remaining bitcoin mining sites to this use. It has facilities in Alabama, Georgia, Kentucky, North Carolina, North Dakota, Oklahoma and Texas.

## Role in the theme

Core Scientific is a data center landlord in the AI compute hosts (neoclouds) theme. In the first half of 2026, CoreWeave was the source of all its colocation revenue and about 77% of its total revenue.

## Latest

- **10-15:** Core Scientific set its Q3 2026 results for 11-05 before the market opens, with a call at 8:30 a.m. ET. It filed no 8-K from 10-15 to 10-29.
- **9-10:** It gave an update on Texas power. At Pecos, 300 MW of existing load was conditionally approved in ERCOT's Batch Zero process, and 300 MW more as studied load. Final allocation comes when Batch Zero ends. Its planned 431 MW at Hunt was also conditionally approved.
- **7-28 (Q2 results):** Colocation revenue was $136.7M of $164.2M total revenue. It was billing for 395 MW at quarter end and 437 MW by mid-July. It announced a partnership with AMD anchored by 15-year agreements for about 530 MW across five sites, and said total leased customer capacity reached about 1.1 GW.

## What to watch

- Q3 results on **11-05** before the open, call at 8:30 a.m. ET.
- CoreWeave's own Q3 report on 11-10, given its share of Core Scientific's revenue.
- Final ERCOT allocations for its Texas sites.
- Billing growth as the AMD-anchored sites come online.

## Covered in

- Theme: [AI compute hosts (neoclouds)](/research/themes/ai-compute-hosts)

## Sources

Primary means the publisher of the data or the filing; secondary means press or an aggregator.
- [Core Scientific Announces Second Quarter 2026 Results (8-K exhibit 99.1)](https://www.sec.gov/Archives/edgar/data/1839341/000183934126000013/q22026corescientificinc-ea.htm)Primary 2026-07-28
- [Core Scientific Form 10-Q for the quarter ended June 30, 2026](https://www.sec.gov/Archives/edgar/data/1839341/000183934126000014/core-20260630.htm)Primary 2026-07-28
- [Core Scientific Form 8-K: Texas electrical power status update](https://www.sec.gov/Archives/edgar/data/1839341/000183934126000023/core-20260910.htm)Primary 2026-09-10
- [Core Scientific Schedules Third Quarter 2026 Earnings Release, Conference Call and Webcast](https://investors.corescientific.com/news-events/press-releases/detail/145/core-scientific-inc-schedules-third-quarter-fiscal-year-2026-earnings-release-conference-call-and-webcast)Primary 2026-10-15
- [CoreWeave Announces Date of Third Quarter 2026 Financial Results and Conference Call](https://investors.coreweave.com/news/news-details/2026/CoreWeave-Announces-Date-of-Third-Quarter-2026-Financial-Results-and-Conference-Call/default.aspx)Primary 2026-10-27
- [SEC EDGAR: Core Scientific 8-K filings list](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001839341&type=8-K)Primary 2026-10-29
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