---
title: "Core Scientifc - CW27 | 8-K: FY2026 Q2 Revenue: USD 164.2 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294055121.md"
datetime: "2026-07-28T11:08:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294055121.md)
  - [en](https://longbridge.com/en/news/294055121.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294055121.md)
generator: "portal-rs"
---

# Core Scientifc - CW27 | 8-K: FY2026 Q2 Revenue: USD 164.2 M

Revenue: As of FY2026 Q2, the actual value is USD 164.2 M.

EPS: As of FY2026 Q2, the actual value is USD -3.32.

EBIT: As of FY2026 Q2, the actual value is USD -1.13 B.

#### Quarterly Performance (Three Months Ended)

-   **Billing MW**:
    -   Q2 2026: 395 MW
    -   Q1 2026: 225 MW
-   **Colocation Revenue**:
    -   Q2 2026: $136.7 million
    -   Q1 2026: $77.5 million
    -   Q2 2025: $10.6 million
-   **Total Revenue**:
    -   Q2 2026: $164.2 million
    -   Q1 2026: $115.2 million
    -   Q2 2025: $78.6 million
-   **Gross Profit**:
    -   Q2 2026: $70.0 million
    -   Q1 2026: $30.1 million
    -   Q2 2025: $5.0 million
-   **Net Loss**:
    -   Q2 2026: -$1,155.3 million
    -   Q1 2026: -$347.2 million
    -   Q2 2025: -$936.8 million
    -   The net loss for Q2 2026 was primarily due to the change in fair value of warrants, reflecting appreciation in the Company’s stock price.
-   **Adjusted EBITDA**:
    -   Q2 2026: $41.1 million
    -   Q1 2026: $8.9 million
    -   Q2 2025: $28.5 million
-   **Capital Expenditures (“CapEx”)**:
    -   Q2 2026: $797.5 million
    -   Q1 2026: $389.2 million
    -   Q2 2025: $121.3 million
-   **Liquidity**:
    -   Q2 2026: $1,819.4 million
    -   Q1 2026: $1,042.5 million
    -   Q2 2025: $754.1 million

#### Segment Performance (Three Months Ended June 30, 2026 vs. March 31, 2026 vs. June 30, 2025)

-   **Colocation Segment**:
    -   Colocation revenue: $136,669 thousand in Q2 2026, $77,539 thousand in Q1 2026, and $10,560 thousand in Q2 2025.
    -   Colocation gross profit: $79,983 thousand in Q2 2026, $43,921 thousand in Q1 2026, and $1,130 thousand in Q2 2025.
    -   Colocation gross margin: 59% in Q2 2026, 57% in Q1 2026, and 11% in Q2 2025.
-   **Digital Asset Self-Mining Segment**:
    -   Digital asset self-mining revenue: $21,535 thousand in Q2 2026, $30,105 thousand in Q1 2026, and $62,424 thousand in Q2 2025.
    -   Digital Asset Self-Mining gross profit: -$12,165 thousand in Q2 2026, -$17,084 thousand in Q1 2026, and $2,835 thousand in Q2 2025.
    -   Digital Asset Self-Mining gross margin: -56% in Q2 2026, -57% in Q1 2026, and 5% in Q2 2025.
-   **Digital Asset Hosted Mining Segment**:
    -   Digital asset hosted mining revenue from customers: $5,997 thousand in Q2 2026, $7,600 thousand in Q1 2026, and $5,644 thousand in Q2 2025.
    -   Digital Asset Hosted Mining gross profit: $2,226 thousand in Q2 2026, $3,269 thousand in Q1 2026, and $1,060 thousand in Q2 2025.
    -   Digital Asset Hosted Mining gross margin: 37% in Q2 2026, 43% in Q1 2026, and 19% in Q2 2025.
-   **Consolidated Gross Profit and Margin**:
    -   Consolidated gross profit: $70,044 thousand in Q2 2026, $30,106 thousand in Q1 2026, and $5,025 thousand in Q2 2025.
    -   Consolidated gross margin: 43% in Q2 2026, 26% in Q1 2026, and 6% in Q2 2025.

#### Cash Flow from Operating Activities (Six Months Ended June 30)

-   Net cash provided by operating activities was $230,949 thousand for the six months ended June 30, 2026, compared to net cash used in operating activities of -$11,041 thousand for the six months ended June 30, 2025.

#### Key Operational Metrics and Developments

-   Core Scientific, Inc. announced a partnership with AMD that has the potential to support up to 2.5 GW of leasable capacity, anchored by 15-year agreements for approximately 530 MW across five sites, representing more than $14 billion of potential base contracted revenue.
-   The total leased customer power capacity increased to approximately 1.1 GW, which represents more than $24 billion of potential contracted revenue.
-   As of mid-July, the company was billing for 437 MW of capacity, translating to approximately $635 million in average annualized colocation GAAP revenue.
-   The Company has over $24 billion in total customer contracted power in contracted revenue across its footprint, with an average annualized colocation GAAP revenue of approximately $1.8 billion.
-   The CoreWeave contract has a revenue potential of over $10 billion over its term, representing approximately $850 million in average annualized colocation GAAP revenue, and is anticipated to have an 80% to 85% profit margin.
-   Core Scientific operates approximately 1.1 GW of total customer contracted power.
-   As of mid-July, the CoreWeave buildout had approximately 590 MW leased, with over 430 MW billing.
-   The estimated average capital expenditure for site buildouts is $11 million to $12 million per MW, excluding tenant fit-out costs which range from $1 million to $2 million per MW.
-   The build cost breakdown includes approximately 45% for construction labor and on-site execution, 40% for OFE (transformers, switchgear, generators, chillers, pumps, liquid cooling systems, and control systems), and 15% for soft costs.

#### Balance Sheet Highlights (as of June 30, 2026)

-   Cash and cash equivalents: $1,769,735 thousand.
-   Digital assets: $49,675 thousand.
-   Total Current Assets: $2,443,644 thousand.
-   Total Assets: $5,257,493 thousand.
-   Total Current Liabilities: $2,737,794 thousand.
-   Long-term debt: $4,297,967 thousand.
-   Total Liabilities: $7,676,849 thousand.
-   Total Stockholders’ Deficit: -$2,419,356 thousand.

#### Outlook / Guidance

Initial delivery for the AMD relationship is expected in early 2027, with the full 530 MW delivered by the end of 2028, including specific site timelines. The CoreWeave buildout is nearing full completion, with the Dalton, GA site estimated for completion in early 2027. The total ~590 MW from the CoreWeave buildout is expected to be complete by early 2027.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**