Core Scientific revenue doubles in Q2 as AI colocation expansion accelerates

CryptoInfo Editorial Team · Published on July 28, 2026 at 15:47 · Updated on July 29, 2026 · 1 min read

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Core Scientific has reported strong revenue growth in the second quarter, with its revenue doubling, according to reporting from CoinTelegraph.

The growth is attributed to the expansion of its AI colocation business, which has become the company's largest business segment.

However, despite the revenue growth, the company reported a net loss of $1.15 billion, resulting from a non-cash accounting charge.