# Core Scientific’s Mining Business Generated 7.5% of Q3 2026 Revenue By John Kim Canonical URL: https://www.tokenpost.com/news/business/50941 Published: 2026-11-07T16:38:08.000Z Updated: 2026-11-07T16:38:08.000Z Section: Business > Colocation revenue totaled $215.4 million, compared with $17.5 million from mining operations. Bitcoin (BTC) mining generated 7.5% of Core Scientific’s third-quarter revenue as Chief Financial Officer Jim Nygaard expects the company to complete its mining exit in Q4 2026. The company recorded $232.9 million in revenue for the quarter. Mining contributed $17.5 million: $12.3 million from self-mining and $5.2 million from digital asset hosted mining. Colocation revenue totaled $215.4 million, more than 12 times mining revenue. Core Scientific expects to provide high-density colocation services as its sole business in 2027. Its online mining machine count was nearly 50% lower at Sept. 30 than at year-end 2025, a decline detailed in [TokenPost’s earlier coverage of the fleet](). Nygaard expects the mining wind-down to be completed in the fourth quarter of 2026. ## Links in this article - [TokenPost’s earlier coverage of the fleet](https://www.tokenpost.com/news/business/50479)