Core Scientific Colocation Revenue Surges 268% Amid Mixed Q4 Results

Core Scientific (CORZ) announced mixed Q4 2025 results, reporting total revenue of $79.8 million, which was down from $94.9 million the previous year, and missing revenue forecasts of $122.076 million. The company posted a significant per-share loss of $0.42, much wider than the expected $0.08 loss. A key highlight was the 268% surge in colocation revenue, which reached $31.3 million, up from $8.5 million year-over-year, reflecting a strategic shift away from pure self-mining. Digital asset self-mining revenue dropped to $42.2 million due to a 57% decrease in mined BTC. Despite a rise in gross profit to $20.8 million, the company registered a negative Non-GAAP adjusted EBITDA of $42.7 million. CEO Adam Sullivan emphasized the progress in scaling the colocation platform to a 1.5-gigawatt pipeline, positioning the company for sustainable growth amid industry pressures like rising energy costs.

(Source：BeInCrypto)