### @CORZ — Confirmed — from the quarterly filing and earnings call
Yeah, I mean, quarter ended March marked the flip: colocation $77.5M versus $30.1M mining — first time the landlord side led. GAAP colo margin 56.7%, roughly double the prior year as 243 billable megawatts came online, straight-line recognition annualizes north of $350M. Separately, management lifted the CoreWeave cash-gross-profit target to 80-85% non-GAAP from 75-80% — that's a management target, not the 56.7% GAAP print, you know. Stepping back: billable megawatts converting, accounting pulls escalators forward, non-GAAP is management's view, not realized margin.
- tier: Confirmed (✓)
- source: CORZ / The colocation crossover
- receipt: https://ticker.thevixguy.com/p/p-day-20260802-corz-src-corz-colocation-revenue-rotation
- posted: 2026-08-02T23:03:04.999Z