Core Scientific, Inc. CORZ Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Gross Profit by Business | ||||||
| Colocation Segment | $43.92M+208% | $14.26M+267% | $3.89M+244% | $1.13M+142% | $467K-37.2% | |
| Digital Asset Hosted Mining Segment | $3.27M+9.1% | $3M+48.4% | $2.02M+90.6% | $1.06M-39.0% | $1.74M-25.6% | |
| Digital Asset Self-Mining Segment | -$17.08M-589% | $3.5M+275% | -$2M-171% | $2.84M-52.8% | $6.01M+257% | |
| Gross margin by Business | ||||||
| Colocation Segment | 57%+43.0pp | 14%-12.0pp | 26%+15.0pp | 11%+6.0pp | 5%— | |
| Digital Asset Hosted Mining Segment | 43%+38.0pp | 5%-18.0pp | 23%+4.0pp | 19%-27.0pp | 46%+45.0pp | |
| Digital Asset Self-Mining Segment | -57%-58.0pp | 1%+4.0pp | -3%-8.0pp | 5%-4.0pp | 9%— | |
| Concentration risk, percentage by Business | ||||||
| Colocation Segment | 67%— | —— | 100%0.0pp | 100%+89.0pp | 11%— | |
| Digital Asset Self-Mining Segment | 26%— | —— | 100%0.0pp | 100%+16.0pp | 84%— | |
| Other segment items by Product | ||||||
| Colocation revenue | $743K-36.9% | $1.18M+67.7% | $702K+85.7% | $378K+23.5% | $306K+57.7% | |
| Cost of digital asset self-mining | $510K-11.8% | $578K-27.0% | $792K+76.0% | $450K-53.9% | $977K-36.5% | |
| Digital asset hosted mining revenue from customers | $61K-4.7% | $64K-43.4% | $113K+163% | $43K-2.3% | $44K-62.7% | |
| Revenue from customers by Product | ||||||
| Colocation revenue | $77.54M+147% | $31.34M+110% | $14.95M+41.6% | $10.56M+23.2% | $8.57M+0.6% | |
| Digital asset hosted mining revenue from customers | $7.6M+21.5% | $6.26M-28.2% | $8.71M+54.4% | $5.64M+49.6% | $3.77M-42.0% | |
| Cost of Revenue by Product | ||||||
| Colocation revenue | $33.62M+96.9% | $17.08M+54.3% | $11.07M+17.3% | $9.43M+16.3% | $8.11M+4.2% | |
| Cost of digital asset self-mining | $47.19M+22.0% | $38.67M-34.9% | $59.44M-0.3% | $59.59M-2.6% | $61.17M-21.8% | |
| Digital asset hosted mining revenue from customers | $4.33M+32.9% | $3.26M-51.3% | $6.69M+46.0% | $4.58M+125% | $2.04M-51.2% | |
| Employee compensation by Product | ||||||
| Colocation revenue | $2.99M+16.8% | $2.56M+15.8% | $2.21M+92.4% | $1.15M-11.4% | $1.3M+24.9% | |
| Cost of digital asset self-mining | $3.53M— | —— | $7.8M-5.7% | $8.27M+12.8% | $7.34M-29.6% | |
| Digital asset hosted mining revenue from customers | $427K— | —— | $1.12M+43.1% | $779K+135% | $332K-51.8% | |
| Facility operations expense by Product | ||||||
| Colocation revenue | $6.76M+6.3% | $6.36M+45.0% | $4.38M+1.1% | $4.34M+12.6% | $3.85M-2.3% | |
| Cost of digital asset self-mining | $1.97M-6.6% | $2.11M+1.1% | $2.09M0.0% | $2.09M-36.3% | $3.28M-8.4% | |
| Digital asset hosted mining revenue from customers | $234K-2.1% | $239K-19.5% | $297K+35.0% | $220K+48.6% | $148K-44.4% | |
| Operating lease expense by Product | ||||||
| Colocation revenue | $3.79M+4.2% | $3.63M+6.4% | $3.41M+0.3% | $3.4M-0.1% | $3.41M+45.3% | |
| Cost of digital asset self-mining | $102K+17.2% | $87K+10.1% | $79K+3.9% | $76K-10.6% | $85K-23.4% | |
| Digital asset hosted mining revenue from customers | $12K+20.0% | $10K-9.1% | $11K+37.5% | $8K+60.0% | $5K-44.4% | |
| Depreciation expense by Product | ||||||
| Colocation revenue | $2.08M+207% | $676K+209% | $219K+111% | $104K+55.2% | $67K— | |
| Cost of digital asset self-mining | $13.91M+8.9% | $12.77M-17.5% | $15.47M-14.3% | $18.06M-6.2% | $19.26M-24.3% | |
| Digital asset hosted mining revenue from customers | $306K-3.5% | $317K-15.7% | $376K+12.6% | $334K+130% | $145K-59.6% | |
| Power fees by Product | ||||||
| Colocation revenue | $21.06M+234% | $6.31M+77.6% | $3.55M+2.6% | $3.46M+34.0% | $2.59M-2.7% | |
| Cost of digital asset self-mining | $27.27M-2.9% | $28.09M-15.6% | $33.28M+8.3% | $30.72M+1.3% | $30.32M-18.6% | |
| Digital asset hosted mining revenue from customers | $3.3M+2.3% | $3.23M-32.6% | $4.79M+49.4% | $3.21M+135% | $1.37M-50.1% | |
| Number of operational data centers by Geography | ||||||
| Alabama | 10.0% | 10.0% | 10.0% | 10.0% | 10.0% | |
| GEORGIA | 20.0% | 20.0% | 20.0% | 20.0% | 20.0% | |
| KENTUCKY | 10.0% | 10.0% | 10.0% | 10.0% | 10.0% | |
| NORTH CAROLINA | 10.0% | 10.0% | 10.0% | 10.0% | 10.0% | |
| North Dakota | 10.0% | 10.0% | 10.0% | 10.0% | 10.0% | |
| Oklahoma | 10.0% | 10.0% | 10.0% | 10.0% | 10.0% | |
| TEXAS | 4+33.3% | 30.0% | 30.0% | 30.0% | 30.0% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Core Scientific, Inc. break its business down?
- Core Scientific, Inc. (CORZ) reports gross profit by business across 3 parts — Colocation Segment, Digital Asset Hosted Mining Segment and Digital Asset Self-Mining Segment. Each is extracted from the segment footnotes and tracked over time.
- Where does Core Scientific, Inc.'s segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Core Scientific, Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
