Core Scientific revenue doubles in Q2 as AI colocation expansion accelerates

Core Scientific reported that its revenue doubled during the second quarter, as AI colocation expanded to become the company's largest business segment. This strategic pivot signals a shift in market identity and investor expectations. Despite the strong revenue growth, the company recorded a net loss of $1.15 billion, which was attributed to a non-cash accounting charge. The expansion into AI colocation continues to accelerate, reshaping the overall operational focus of Core Scientific.