Core Scientific’s Revenue Is Now 92% Colocation as Bitcoin Mining Shrinks

Core Scientific reported $232.9 million of third-quarter revenue on November 5, 2026, and $17.5 million of it came from bitcoin mining and mining hosting. The other $215.4 million came from high-density colocation: power, cooling and floor space rented to AI tenants under long contracts. That works out to a 92.5% colocation mix, computed from the company’s third-quarter results release . A year earlier the same business reported $81.1 million of revenue, of which $15.0 million was colocation, or 18.5%. The mix moved 74 percentage points in twelve months, and most of that movement happened in the last two quarters.