Core Scientific's Q3 net profit reached 1.178 billion USD, with revenue from managed data centers increasing by nearly 60% quarter-over-quarter

According to the official announcement from Core Scientific, the company reported its financial results for the third quarter of 2026, with total revenue reaching $232.9 million, a year-on-year increase of approximately 187%; among which, the revenue from High-Density Custody (HDC) data centers reached $215.4 million, a quarter-on-quarter growth of nearly 60%.

As of September 30, the company has invested in billable custody capacity of 485 MW, corresponding to an annualized GAAP custody revenue of over $700 million. The net profit reached $1.178 billion, mainly driven by non-cash gains from changes in the fair value of warrants; adjusted EBITDA reached $133.6 million, more than tripling quarter-on-quarter. The company stated that the first custody agreement is nearing full delivery, and the second agreement is under construction in five parks.