Corvex reports $5 million Q3 revenue and 1.5 MW of live AI capacity

Nov 12, 2026
Corvex's third-quarter revenue rose 31% from the prior quarter to $5.0 million, with 1.5 MW of its roughly 8 MW of secured AI capacity live.

Corvex, the Nasdaq-listed AI computing company, reported third-quarter revenue of $5.0 million, up 31% from $3.8 million in the second quarter, according to its results release. It was the company's first full quarter after it transferred its legacy healthcare assets on 30 June.

Corvex has secured about 8 MW of critical IT capacity. Of that, 1.5 MW is live, and contracted annualized revenue on live compute was about $21.7 million as of 12 November. The rest, at its Mid-Atlantic 1 expansion and Midwest-1 sites, is due to be ready for service in the fourth quarter. The company is working to sign customers for a 1.6 MW Nvidia Blackwell cluster and 4.5 MW at Midwest-1.

The net loss attributable to common stockholders was $17.5 million, and cash stood at $42.0 million. Corvex also opened its Token Factory serverless inference service to the public on 30 September.

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