Filing Flows › Core Scientific, Inc./tx (CORZ) › Guidance & outlook
Core Scientific, Inc./tx (CORZ) guidance and outlook
Core Scientific, Inc./tx's 10-Q filed Nov 5, 2026 makes 30 forward-looking statements.
Guidance and outlook
Forward-looking statements, 10-Q filed Nov 5, 2026
- We expect colocation revenue to increase as additional contracted capacity is commissioned and delivered to our customers and as we add new customer relationships over time.
- Our hosted mining operations are expected to conclude by December 31, 2026, while we continue to wind down our self-mining operations.
- The Senior Secured Notes and related guarantees are secured by first-priority liens, among other things, on substantially all assets of Core Scientific Finance and its subsidiary guarantors, which own or operate our specified data center development projects.
- • On May 5, 2026, we closed on the acquisition of land and related electrical power in Hunt County, Texas for approximately $233 million in cash, which is expected to support approximately 430 MW of gross power capacity, with an approved ERCOT interconnection ramp schedule.
- We expect colocation to represent an increasingly dominant share of our results as additional capacity is commissioned and delivered, gradually reducing our exposure to bitcoin spot price volatility and the operational risks associated with digital asset mining.
- During the transition period, our consolidated results reflect both the ramp up of colocation revenue and the planned decline of our mining operations, and we expect this dynamic to continue as additional contracted capacity is placed in service.
- Until that time, our financial results will continue to reflect our current dependence on CoreWeave as our primary source of colocation revenue.
- As our colocation business grows and our mining operations wind down, the proportion of our cost base subject to direct power price exposure will decrease.
- As our transition to colocation progresses, we expect bitcoin market conditions to have a diminishing effect on our overall financial results.
- We will be opportunistic in monetizing our bitcoin holdings, subject to market conditions and our treasury strategy.
- To the extent network difficulty increases materially or bitcoin transaction fees decline, the revenue and cash generation from our remaining fleet during the transition period will be reduced.
- During the three and nine months ended September 30, 2026, tariffs contributed to higher costs for certain equipment and materials procured directly by the Company for non-customer-funded projects.
Core Scientific, Inc./tx's latest quarter
Core Scientific, Inc./tx, Q3 2026: revenue $233M (+187% year over year), operating margin 31.1%, net earnings $1.2B, operating cash flow $65.3M. The chart follows the revenue to costs, profit and cash.
Questions
What does Core Scientific, Inc./tx expect?
We expect colocation revenue to increase as additional contracted capacity is commissioned and delivered to our customers and as we add new customer relationships over time. Our hosted mining operations are expected to conclude by December 31, 2026, while we continue to wind down our self-mining operations. The Senior Secured Notes and related guarantees are secured by first-priority liens, among other things, on substantially all assets of Core Scientific Finance and its subsidiary guarantors, which own or operate our specified data center development projects.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.