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Core Scientific’s $24B AI comeback faces debt test
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Core Scientific’s $24B AI comeback faces debt test
Core Scientific reported 1.1 gigawatts leased, representing over $24 billion in total potential contracted revenue.Second-quarter colocation revenue reached $136.7 million, while self-mining revenue declined to $21.5 million during 2026.AMD agreements cover five sites and 530 megawatts, with deployments scheduled to begin during 2027.Core Scientific spent $954.2 million on capital expenditures during 2026’s first six months, filings show.Long-term debt reached approximately $4.3 billion as AI construction increased financing needs and execution risks.
2026-08-20 Source:crypto.news
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