Last week, we reported our Q1 2026 results and, more importantly, gave an update on the continued execution of our strategy to build one of the leading high-density digital infrastructure platforms for advanced compute.
Over the past year, we’ve moved from vision to delivery, with ~245 MW currently generating revenue, and we’ve demonstrated the ability to deliver high-density capacity at scale across five sites.
We also recently closed a $3.3 billion capital raise, supported by our CoreWeave contract. This gives us the flexibility to move faster, securing land, power, and equipment ahead of contracts and advancing sites toward RFS dates.
Our next phase is already underway. We’re scaling key campuses like Muskogee and Pecos toward gigawatt-level potential through a multi-pronged approach, including a mix of grid-connected and behind-the-meter power solutions.
What’s clear is that the market is evolving quickly, and so are we.
Core Scientific's first quarter 2026 results are out!
- Strengthened the capital structure through today's closing of a $3.3 billion offering of 7.75% senior secured notes due 2031, supporting strategic data center development projects.
- Expanded the Company's total gross power capacity pipeline to 4.5 GW, including planned 1.5 GW expansions at each of the Company's Muskogee, Oklahoma and Pecos, Texas campuses.
- Closed on the acquisition of land and power in Hunt County, Texas for approximately $233 million, which is expected to support ~430 MW of gross power capacity, with an approved ERCOT interconnection ramp schedule.
- Billing for 243 MW of capacity, representing approximately $350 million in average annualized colocation GAAP revenue.
“Core Scientific is differentiated by our ability to combine capital readiness with speed to delivery. We are investing ahead of contracts, advancing ready-for service dates and moving development forward across multiple sites. That execution capability is accelerating customer discussions and reinforcing the value of our high-density compute infrastructure platform.” - Core Scientific CEO
@_Adam_Sullivan1
Read the full press release:
bit.ly/4tZvqse
Earnings call:
event.choruscall.com/mediafr…