Core Scientific Q2 2026 Earnings & AMD Partnership

Miami, Florida-based Core Scientific, Inc. (NASDAQ: CORZ) has announced its financial results for the second quarter ending June 30, 2026, showcasing substantial expansion in its high-density colocation services.

The company highlighted a significant new partnership with AMD, designed to support up to 2.5 GW of leasable capacity. This strategic agreement is anchored by 15-year contracts for approximately 530 MW across five distinct sites, with a projected base contracted revenue exceeding $14 billion.

Financial and Operational Highlights:

• Total leased customer power capacity increased to approximately 1.1 GW, equating to over $24 billion in potential contracted revenue.
• Revenue for the quarter reached $164.2 million.
• As of mid-July 2026, the company is billing for 437 MW of capacity, representing approximately $635 million in average annualized colocation GAAP revenue.
• The reported net loss of $1.155 billion was primarily driven by non-cash charges related to the change in fair value of warrants following the appreciation of the company's stock price.