Core Scientific announced first quarter fiscal year 2026 results
Revenue was $115.2 million, with a net loss of $347.2 million, including non-cash impairment charges.
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High-density data center colocation provider
corescientific.comLast updated
In short: Core Scientific announced a major expansion to 1.5 GW capacity in Muskogee and Pecos, while reporting a $347 million net loss for Q1 fiscal 2026.
Revenue was $115.2 million, with a net loss of $347.2 million, including non-cash impairment charges.
It will acquire Polaris DS for 440 MW and start building an 82.5 MW facility.
The company will scale its Pecos campus with a behind-the-meter solution and secured additional land and power.
Proceeds will fund a debt service reserve, support project completion and repay outstanding term loans; the notes are secured by first-priority liens and subsidiary guarantees.
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