Who Core Scientific buys from and sells to
Bitcoin miner converting its sites into leased high-density colocation, today almost all for CoreWeave.
Buys from 2
- Bitmainmining rigs for the remaining self-mining fleet
- Utilities and ERCOTpower for sites in Texas, Georgia, Kentucky and elsewhere
Sells to 2
- CoreWeaveCRWV~590 MW of colocation across five sitesthe single colocation customer (Q2 2026 10-Q)
- Bitcoin networkblock rewards from self-mining
Where the chain could break
- All colocation revenue from CoreWeave after the 2025 merger vote failed
- Mining margins swing with bitcoin price and hashrate
Competes with
- Applied DigitalAPLDleased AI capacity for CoreWeave
- Galaxy DigitalGLXYthe same
- IRENIRENminer-to-AI conversion
Mapped by hand from filings and company reporting, as of October 2026. It shows the relationships that matter most, not every contract: most are never disclosed, and agreements change.