Core Scientific revenue doubles in Q2 as AI colocation expansion accelerates
CoinTelegraph·
60-second summary
Core Scientific reports doubling its revenue in Q2, driven by rapid expansion of AI colocation services, which now comprise its largest business. A non-cash accounting charge leads to a $1.15 billion net loss. The company's strong revenue growth indicates resilience in the AI infrastructure market, despite the significant loss, suggesting a promising outlook for its AI colocation business.
Core Scientific reported strong second-quarter revenue growth as AI colocation became its largest business, though a non-cash accounting charge resulted in a $1.15 billion net loss.