Core Scientific Reports Strong Q3 Results with Significant EPS and Revenue Beat
Core Scientific (CORZ) delivered a robust third quarter, reporting GAAP earnings per share of $0.47, which exceeded analyst expectations by $0.52. The company's revenue reached $232.87 million, representing a 187.1% increase year-over-year and surpassing estimates by $39.65 million. A primary driver of this growth was the colocation segment, which saw revenue climb nearly 60% sequentially to $215.4 million. This surge is attributed to the continued delivery of billing megawatts, signaling strong operational scaling in its infrastructure services.
Tickers: $CORZ
Topics: colocation revenue earnings beat revenue growth
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