Core Scientific revenue doubles in Q2 as AI colocation expansion accelerates

Bullish-28.86%

28 Jul, 15:47

Source: Cointelegraph

AI Summary

Core Scientific reported doubled Q2 revenue driven by AI colocation growth, but posted a $1.15 billion net loss due to non-cash accounting charges.

Core Scientific revenue doubles in Q2 as AI colocation expansion accelerates

Core Scientific reported strong second-quarter revenue growth as AI colocation became its largest business, though a non-cash accounting charge resulted in a $1.15 billion net loss.