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Core Scientific

CORZ

Market cap $5.23B

16.27 USD

-1.35

7.66%

At close Updated Aug 28, 3:07 PM EDT

1 day

-7.66%

5 days

-6.87%

1 month

-21.59%

3 months

-41.39%

6 months

-1.33%

Year to date

1.75%

1 year

13.38%

5 years

372.97%

10 years

372.97%

About: Core Scientific Inc is engaged in designing, building, and operating digital infrastructure for high-density colocation services and digital asset mining. The business operates in three operating segments: Digital Asset Self-Mining, consisting of performing digital asset mining for its own account, Digital Asset Hosted Mining, consisting of providing hosting services to third parties for digital asset mining, and Colocation, consisting of providing high-density colocation services to third parties for AI / HPC operations. The majority of revenue is derived from the Digital Asset Self-Mining Segment.

Employees: 325

Technology Software - Infrastructure

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 46.7%

Neutral 33.3%

Negative 20%

Investors Business Daily

Bitcoin Price Tests $80,000 In 'Powerful Setup.' IREN Earnings Due.

Bitcoin price shows a "powerful setup," Bitwise CIO says as the crypto trades near $80,000. Miner, AI player IREN to report results.

Bitcoin Price Tests $80,000 In 'Powerful Setup.' IREN Earnings Due.

Core Scientific Secures $600 Million of Senior Secured Credit Facilities

MIAMI--(BUSINESS WIRE)--Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-density colocation (“HDC”), today announced that it has entered into $600 million of committed senior secured credit facilities, consisting of a $100 million revolving credit facility and $500 million letter of credit facility.The proceeds of borrowings under the revolving credit facility may be used for general corporate purposes and working capital need.

Core Scientific Secures $600 Million of Senior Secured Credit Facilities

24/7 Wall Street

IREN Slides 6% as Traders De-Risk Before Q4 Earnings, Core Scientific Declines 4%

IREN stock is shedding 6% ahead of back-to-back reports from NVIDIA tonight and IREN itself Thursday, putting traders who bought yesterday's rally in an uncomfortable spot before two of the most consequential prints in AI infrastructure.

IREN Slides 6% as Traders De-Risk Before Q4 Earnings, Core Scientific Declines 4%

Don't Sell Your AI Stocks – Sort Them

The public's data-center revolt spreads

Don't Sell Your AI Stocks – Sort Them

24/7 Wall Street

Bitcoin Is Down 44% and Its Miners Are Up 90%. The AI Pivot Explains Everything.

The Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) is up 97% over the past year even though bitcoin has lost 46% of its value in the same window.

Bitcoin Is Down 44% and Its Miners Are Up 90%. The AI Pivot Explains Everything.

Core Scientific Completes Acquisition of Polaris DS, Advancing Planned Muskogee Expansion to 1.5 GW of Gross Power

MIAMI--(BUSINESS WIRE)--Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-density colocation (“HDC”), today announced that it has completed its previously announced acquisition of Polaris DS LLC (“Polaris”). Through the acquisition, Core Scientific has secured the approximately 440 currently in service megawatts (“MW”) of gross, grid-connected power capacity being used by Polaris under existing electric service agreements with.

Core Scientific Completes Acquisition of Polaris DS, Advancing Planned Muskogee Expansion to 1.5 GW of Gross Power

Neocloud Stocks Catch Fire As CoreWeave Doubles Revenue

Neocloud stocks are rallying Wednesday after a pair of blowout earnings reports from sector leaders CoreWeave Inc. (NASDAQ:CRWV) and Nebius Group N.V. (NASDAQ:NBIS) reinforced the scale of AI infrastructure demand.

Neocloud Stocks Catch Fire As CoreWeave Doubles Revenue

Core Scientific: A Growth Story Behind Colocation Moat

Core Scientific is rated Buy, driven by robust colocation revenue and strong execution in a rapidly expanding AI-driven market. The company's colocation business, accounting for over 80% of revenue, is underpinned by long-term contracts like AMD and CoreWeave, offering diversification and high profit margins. Revenue and EBITDA trends are positive, with FY2026 revenue estimated at $671.63 million (110.53% YoY growth) and EBITDA projected to reach $194.08 million by FY2028.

Core Scientific: A Growth Story Behind Colocation Moat

The AMD Deal Makes Core Scientific A Strong Buy

I'm rating Core Scientific a Strong Buy with a price target of $28, implying a 40% upside potential. My main growth drivers are the CoreWeave ramp, the AMD Phase 1 contract, additional power monetization, and the mix shift away from bitcoin mining. Together, these drivers support my estimate of about $1.2 billion in potential 2028 EBITDA before applying a conservative adjustment for corporate costs and execution risk.

The AMD Deal Makes Core Scientific A Strong Buy

Core Scientific Appoints Mark Adams to Board of Directors

MIAMI--(BUSINESS WIRE)--Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-density colocation (“HDC”), today announced the appointment of Mark W. Adams to its Board of Directors, effective immediately. With the addition of Mr. Adams, Core Scientific's Board will expand to seven directors.Mr. Adams brings over three decades of technology leadership experience across the AI infrastructure, semiconductors, storage, digital media, a.

Core Scientific Appoints Mark Adams to Board of Directors

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