Core Scientific Q3 revenue jumps 187% to $232.9M, net income $1.178B

Cointime update: Core Scientific reported third-quarter 2026 total revenue of $232.9 million, up about 187% year over year, with high-density colocation (HDC) data center revenue at $215.4 million, a nearly 60% sequential increase. As of Sept. 30, billed colocation capacity reached 485MW, corresponding to more than $700 million in annualized GAAP colocation revenue. Net income was $1.178 billion, driven mainly by non-cash gains from changes in warrant fair value, while adjusted EBITDA was $133.6 million, more than tripling quarter over quarter.