Wire · technology
Core Scientific revenue doubles in Q2 as AI colocation expansion accelerates
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Fusion42 · 28 July 2026 · Fusion42 review
Core Scientific doubled Q2 revenue to $164.2m, with colocation now driving $136.7m as the company pivots from Bitcoin mining to AI/HPC infrastructure. A new 15-year AMD partnership covering 530MW initially could expand to 2.5GW and generate $14bn+ in contracted revenue.
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◆ ◆ The Wire takeaway
Data center capacity for AI compute is now priced and contracted at scale - Core Scientific just locked $14bn in AMD agreements, and competitors are signing billion-dollar leases. If you build anything that runs on GPU clusters, the real estate cost just moved from variable to fixed multi-year commitments, which means your unit economics need to absorb that floor now.
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