Greetings. Welcome to the Core Scientific, Inc. Fiscal First Quarter 2026 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. Please note this conference is...
Jon Charbonneau
SVP, Investor Relations
0.00Great. Thank you. Good afternoon, and welcome to Core Scientific, Inc.'s first quarter 2026 earnings call. Before we begin, I need to remind you that statements made on this call other than historical facts are forward-looking statements within the meaning of...
Adam Sullivan
Chief Executive Officer
0.80Good afternoon, everyone, and thank you for joining a platform designed to support the most demanding compute workloads in the market. Over the past year, we have translated that strategy into execution, delivering high-density capacity at scale across...
Matt Brown
Chief Operating Officer
0.60Thanks, Adam. As we reflect on the first quarter, our operational priorities remain clear: execute on our existing build pipeline, bring capacity online efficiently, and position the business for the next phase of large-scale expansion. Demand for high...
Jim Nygaard
Chief Financial Officer
0.70Thanks, Matt. During the first quarter, we reached an important inflection point as our colocation revenue scaled to a level sufficient to cover operating costs and began expanding margins. This marks a meaningful milestone in our transition, with colocation...
We will now open the call for questions. Our first question will come from Brett Knoblauch with Cantor Fitzgerald.