Core Scientific’s Mining Business Generated 7.5% of Q3 2026 Revenue
Photo: TokenPost
Bitcoin (BTC) mining generated 7.5% of Core Scientific’s third-quarter revenue as Chief Financial Officer Jim Nygaard expects the company to complete its mining exit in Q4 2026. The company recorded $232.9 million in revenue for the quarter. Mining contributed $17.5 million: $12.3 million from self-mining and $5.2 million from digital asset hosted mining. Colocation revenue totaled $215.4 million, more than 12 times mining revenue. Core Scientific expects to provide high-density colocation services as its sole business in 2027. Its online mining machine count was nearly 50% lower at Sept.
Source: TokenPost
