Core Scientific, Inc. CORZ Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Gross Profit by Business | ||||||
| Colocation Segment | $43.92M+9,305% | $14.26M+1,817% | $3.89M+200% | $1.13M+79.9% | $467K— | |
| Digital Asset Hosted Mining Segment | $3.27M+88.2% | $3M+28.4% | $2.02M-59.3% | $1.06M-85.8% | $1.74M-81.2% | |
| Digital Asset Self-Mining Segment | -$17.08M-384% | $3.5M+107% | -$2M+68.8% | $2.84M-90.8% | $6.01M-91.2% | |
| Gross margin by Business | ||||||
| Colocation Segment | 57%+52.0pp | 14%— | 26%+13.0pp | 11%0.0pp | 5%— | |
| Digital Asset Hosted Mining Segment | 43%-3.0pp | 5%+4.0pp | 23%-6.0pp | 19%-11.0pp | 46%+14.0pp | |
| Digital Asset Self-Mining Segment | -57%-66.0pp | 1%— | -3%+6.0pp | 5%-23.0pp | 9%-37.0pp | |
| Concentration risk, percentage by Business | ||||||
| Colocation Segment | 67%+56.0pp | —— | 100%0.0pp | 100%0.0pp | 11%-89.0pp | |
| Digital Asset Self-Mining Segment | 26%-58.0pp | —— | 100%0.0pp | 100%0.0pp | 84%-16.0pp | |
| Other segment items by Product | ||||||
| Colocation revenue | $743K+143% | $1.18M+507% | $702K+181% | $378K+980% | $306K— | |
| Cost of digital asset self-mining | $510K-47.8% | $578K-62.4% | $792K-34.3% | $450K-67.5% | $977K-33.7% | |
| Digital asset hosted mining revenue from customers | $61K+38.6% | $64K-45.8% | $113K-90.4% | $43K-98.3% | $44K-98.5% | |
| Revenue from customers by Product | ||||||
| Colocation revenue | $77.54M+804% | $31.34M+268% | $14.95M+44.6% | $10.56M+91.3% | $8.57M— | |
| Digital asset hosted mining revenue from customers | $7.6M+101% | $6.26M-3.8% | $8.71M-48.4% | $5.64M-77.3% | $3.77M-87.1% | |
| Cost of Revenue by Product | ||||||
| Colocation revenue | $33.62M+315% | $17.08M+120% | $11.07M+22.4% | $9.43M+92.8% | $8.11M— | |
| Cost of digital asset self-mining | $47.19M-22.9% | $38.67M-50.6% | $59.44M-20.3% | $59.59M-25.5% | $61.17M-25.0% | |
| Digital asset hosted mining revenue from customers | $4.33M+113% | $3.26M-21.8% | $6.69M-43.8% | $4.58M-73.6% | $2.04M-89.9% | |
| Employee compensation by Product | ||||||
| Colocation revenue | $2.99M+131% | $2.56M+147% | $2.21M+57.9% | $1.15M+1,372% | $1.3M— | |
| Cost of digital asset self-mining | $3.53M-51.9% | —— | $7.8M+56.2% | $8.27M+37.0% | $7.34M+56.7% | |
| Digital asset hosted mining revenue from customers | $427K+28.6% | —— | $1.12M-7.1% | $779K-52.5% | $332K-76.4% | |
| Facility operations expense by Product | ||||||
| Colocation revenue | $6.76M+75.4% | $6.36M+61.2% | $4.38M-9.9% | $4.34M+39.8% | $3.85M— | |
| Cost of digital asset self-mining | $1.97M-39.9% | $2.11M-41.0% | $2.09M-40.6% | $2.09M-35.3% | $3.28M+11.2% | |
| Digital asset hosted mining revenue from customers | $234K+58.1% | $239K-10.2% | $297K-59.5% | $220K-75.0% | $148K-83.3% | |
| Operating lease expense by Product | ||||||
| Colocation revenue | $3.79M+11.1% | $3.63M+54.9% | $3.41M-29.4% | $3.4M+9.9% | $3.41M— | |
| Cost of digital asset self-mining | $102K+20.0% | $87K-21.6% | $79K-25.5% | $76K-23.2% | $85K-12.4% | |
| Digital asset hosted mining revenue from customers | $12K+140% | $10K+11.1% | $11K-50.0% | $8K-70.4% | $5K-82.8% | |
| Depreciation expense by Product | ||||||
| Colocation revenue | $2.08M+2,997% | $676K— | $219K+421% | $104K+643% | $67K— | |
| Cost of digital asset self-mining | $13.91M-27.8% | $12.77M-49.8% | $15.47M-43.6% | $18.06M-35.9% | $19.26M-29.9% | |
| Digital asset hosted mining revenue from customers | $306K+111% | $317K-11.7% | $376K-59.7% | $334K-67.9% | $145K-88.6% | |
| Power fees by Product | ||||||
| Colocation revenue | $21.06M+714% | $6.31M+137% | $3.55M+42.9% | $3.46M+108% | $2.59M— | |
| Cost of digital asset self-mining | $27.27M-10.1% | $28.09M-24.6% | $33.28M-11.1% | $30.72M-25.4% | $30.32M-32.6% | |
| Digital asset hosted mining revenue from customers | $3.3M+142% | $3.23M+18.0% | $4.79M-39.1% | $3.21M-71.6% | $1.37M-89.9% | |
| Number of operational data centers by Geography | ||||||
| Alabama | 10.0% | 10.0% | 1— | 1— | 1— | |
| 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% | 1— | 1— | 1— | |
| TEXAS | 4+33.3% | 30.0% | 30.0% | 30.0% | 3+50.0% |
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.
