Core Scientific, Inc./tx

Overview

Core Scientific, Inc. operates data-center infrastructure for artificial intelligence and high-performance computing (AI/HPC), alongside digital-asset mining. Its businesses include colocation capacity for AI/HPC customers, mining digital assets for its own account, and hosting services for third-party miners.[1] The company describes its mission as accelerating digital innovation by scaling high-density data centers rapidly, efficiently, and responsibly.[2]

The company’s footprint is concentrated in the United States. As of June 30, 2026, it reported 11 data centers across seven states—Alabama, Georgia, Kentucky, North Carolina, North Dakota, Oklahoma, and Texas—with approximately 2.1 GW of gross utility power capacity and 1.3 GW of total leasable customer power capacity.[3][4] Core Scientific reported FY2025 revenue of $319.0 million.[5] [1]+5

Products & services

Core Scientific provides high-density colocation for AI and high-performance-computing workloads, earning recurring fixed and variable fees under customer agreements. Its reported capabilities include 2,115 MW of gross utility power capacity and 1,275 MW of leasable customer IT load across 11 data centers in seven U.S. states as of June 30, 2026.[6][7] It also provides hosting for third-party digital-asset miners under consumption-based contracts and operates its own mining equipment in mining pools.[6]

The company reports revenue by operating segment rather than by individual product. In the first half of 2026, colocation represented 77% of revenue, self-mining 18%, and hosted mining 5%.[8] [6]+4

Geographic presence

Core Scientific’s reported operating footprint is entirely in the United States: as of the second quarter of 2026, it operated 11 data centers across seven states—Alabama (1), Georgia (2), Kentucky (1), North Carolina (1), North Dakota (1), Oklahoma (1), and Texas (4).[3] Its corporate headquarters and principal executive offices are in Dover, Delaware.[9][10]

At December 31, 2025, the company reported 325 full-time employees, all located in the U.S. across 26 states; it did not provide a state-by-state employee breakdown.[11] The filings reviewed do not report revenue by country or region.[11] [3]+3

Business segments

Core Scientific reports three business segments. **Colocation** (called **HPC Hosting** in fiscal 2024) provides high-density colocation for customers’ AI and high-performance computing workloads. **Digital Asset Self-Mining** covers mining digital assets for the company’s own account, while **Digital Asset Hosted Mining** provides hosting services for third-party digital-asset mining. The Colocation segment began in the second quarter of 2024.[12]+5

As a share of consolidated revenue, the FY2025 mix was approximately **20.5% Colocation, 71.8% Digital Asset Self-Mining, and 7.6% Digital Asset Hosted Mining**. In FY2024, the respective shares were approximately **4.8%, 80.0%, and 15.2%**.[18] For the first quarter of 2026, the reported mix was approximately **67%, 26%, and 7%**, respectively.[19] [12]+7

Company history

Core Scientific’s founders, Mike Levitt and Darin Feinstein, began small-scale bitcoin mining in 2012. The company acquired its first data center, in Marble, North Carolina, in 2017; its predecessor entity was incorporated that December and adopted the Core Scientific name in 2018.[20][21] In 2020, a restructuring placed the legacy business under Core Scientific Holding Co. In July 2021, Core acquired Blockcap, a hosting customer that also operated bitcoin-mining facilities.[21]

Core Scientific became publicly listed in January 2022 through a business combination between Core Scientific Holding Co. and SPAC Power & Digital Infrastructure Acquisition Corp.[22][23] The company and affiliates filed for Chapter 11 bankruptcy in December 2022 and emerged from restructuring on January 23, 2024, under a plan that issued new securities and established a new board.[24]+2

In 2023, co-founder and CEO Michael Levitt resigned, and then-President Adam Sullivan became interim CEO.[27] Beginning in 2024, Core announced long-term agreements to adapt data-center capacity for CoreWeave’s AI and high-performance computing workloads, marking a significant expansion beyond its mining roots.[28][29] [20]+9

Sources

• Core Scientific, Inc./tx — Full financial report (2026 Q 2)
  6 citations

  [1][3][4][6][7][8]
• corescientific.com[2]
• Core Scientific, Inc./tx — Full financial report (2025 Y)
  9 citations

  [5][9][10][12][13][14][15][16][18]
• www.sec.gov[11]
• Core Scientific, Inc./tx — Full financial report (2024 Y)[17]
• Core Scientific, Inc./tx — Full financial report (2026 Q 1)[19]
• Core Scientific, Inc./tx — Full financial report (2023 Y)
  7 citations

  [20][21][22][23][24][25][27]
• investors.corescientific.com[26]
• investors.corescientific.com[28]
• investors.corescientific.com[29]